Microsoft, Alphabet, Amazon, and Meta boosted capex by 50% to a total of $106B in H1 2024, as they build AI infrastructure and pledge more investment hikes
Technology stocks have been volatile as Microsoft, Meta, Amazon and Google report huge increases in their investments in artificial intelligence
Financial Times
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Discussion
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@carnage4life
Dare Obasanjo
on x
“During a gold rush, the best business to be in is selling picks and shovels” - Jensen Huang, CEO of Nvidia He hasn't said this out loud but I'm sure he's thought it. 🙃 [image]
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@pradeepviswav
@pradeepviswav
on x
This is not entirely positive for Nvidia because of four of them have their own AI accelerators. Their reliance on Nvidia will come down significantly.
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@radnorcapital
@radnorcapital
on x
I think its too early to call for slowing AI infrastructure spend when those who are spending are signaling the opposite. Companies don't make long term capital investments expecting near term returns (although $META clearly seeing benefits to their ad business). Eventually
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@modestproposal1
@modestproposal1
on x
Interesting how META CFO talks about the fungibility of GenAI capex, meaning that infra built out for training can be repurposed for inferencing and core AI use cases. “We can flex capacity where we think it will be put to best use”. [image]
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@rachel_grfn
Rachel Griffin
on x
interesting counter to narrative that ads/surveillance are becoming less central to political economy of big tech & now it's all about control of AI/computing infrastructure - only big co actually making money from AI is Meta, using it to sell more ads https://www.ft.com/...
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@james_muldoon_
James Muldoon
on x
Interesting to see that the one company making AI pay the bills is Meta - and it is doing so by integrating it into its advertising model. https://www.ft.com/...