Tag: capital expenditures

Big Tech may be breaking the bank for AI, but investors love it

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[ad_1] Big Tech is spending more than ever on artificial intelligence – but the returns are rising too, and investors are buying in. AI played a bigger role in driving demand across internet search, digital advertising and cloud computing in the April-June quarter, powering revenue growth at technology giants Microsoft, Meta, Amazon and Alphabet . […]

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OpenAI confirms $30 billion deal with Oracle for data centre services

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[ad_1] OpenAI has disclosed they signed a 30 billion dollar annual deal with Oracle for their data centre services last month, according to reports. Sam Altman, OpenAI’s CEO, has also confirmed the contract in an X post, without divulging much details, on July 22. The same was also shared as a blog post on their […]

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