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Tech giants are spending more on AI amid slow returns, and that's spooking investors
April 25, 2024, 2:13 p.m. | Rob Thubron
TechSpot www.techspot.com
Meta said that it would be spending billions of dollars more on its AI efforts, raising expenditure forecasts in this area from $30 - 37 billion to $34 - 40 billion for the year. It cited heavy investment in AI infrastructure such as data centers, chip designs, and research and...
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