Big Tech’s $725bn AI spending spree sends free cash flow to a decade low
Silicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors
Fast Company AI·
As Big Tech pours unprecedented resources into scaling large language models, critics argue that transformer-based systems face fundamental limitations.
Read full articleSilicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors
The week leading up to Thanksgiving 2023 was the AI industry's biggest soap opera moment. OpenAI CEO Sam Altman was abruptly ousted from his role at the ChatGPT-maker. The explanation? That Altman was "not consistently candid in his communications with the board." Now, via witness testimony and trial exhibits in Musk v. Altman, the public is getting a concrete look behind the scenes of that dramatic weekend for the first time, much of it centered on former CTO Mira Murati. It was a unique situation in that the rollercoaster of a power play - which seemed to change every hour - took place, in many ways, publicly. The board's strikingly vague … Read the full story at The Verge.
Barry Diller defended OpenAI CEO Sam Altman, while warning that AGI remains an unpredictable force needing guardrails.
Stuart Russell is a long-time AI researcher who thinks governments need to restrain frontier labs.
In this episode of Uncanny Valley, we get into how the Elon Musk-Sam Altman trial goes way beyond their rivalry and could have major implications both for OpenAI and also the AI industry at large.
Earnings hint at growth trajectory despite increases in capital spending
Every cloud beat. Every capex forecast rose. That is the two-sentence summary of the biggest earnings day of 2026, and it tells you almost everything you need to know about where Big Tech’s AI infrastructure spending actually stands right now. Microsoft, Alphabet, Meta, and Amazon collectively committed somewhere between US$630 billion and US$650 billion in […] The post Big Tech just proved AI infrastructure spending works. Then it raised the bill anyway appeared first on AI News.
Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft