Capital spending soars in the cloud as Microsoft, Google, and others bet big on AI demand
GeekWire
APRIL 30, 2024
This explains why Fitzgerald skewered IBM last week for a 21% decrease in CapEx. But for other tech giants, the outsized investments in cloud and AI infrastructure are redefining their businesses, taking them well beyond the software and online services that have fueled much of their growth. billion in 2022 to $24.8
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