Capital spending soars in the cloud as Microsoft, Google, and others bet big on AI demand
GeekWire
APRIL 30, 2024
CapEx for cloud and AI includes upgrading and building new data centers; developing and procuring GPUs and specialized chips to train and run AI foundation models; laying transoceanic cables; and other infrastructure to expand what amounts to a “globe-spanning mega-computer,” as Fitzgerald puts it. billion in revenue.
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