Capital expenditures by Amazon, Microsoft, Meta* and Alphabet on developments in the field of artificial intelligence (AI) in 2024 will reach an all-time high and amount to $200 billion, Bloomberg estimates.
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Notably, Amazon will spend around $75 billion on AI in 2024; Analysts called these expenses “truly staggering.” Meta*’s capital spending could rise to $40 billion this year. Microsoft has already spent $14.9 billion on AI technology in the quarter, up 50% from last year. Alphabet also plans a significant increase in spending, the agency writes.
Spending on AI development will continue or increase in 2025, Bloomberg concluded.
In June, Meta* was in talks with Apple about integrating its artificial intelligence model into the Apple Intelligence model, the Wall Street Journal reported, citing sources.
*Meta is recognized as extremist and banned in the Russian Federation.
Author:
Ekaterina Strukova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
