Big Tech Is Facing Down a Major Problem With Its AI Plans

Quick Summary:

As Reuters reports, Microsoft and Meta admitted this week that capital expenses would remain on the rise as they rush to meet AI demand by building out data center capacity.

  The AI industry is still struggling to reassure investors that the billions of dollars being poured into the tech are worth it.

"It has become a competitive race among the big tech companies to build out capacity," she added.

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Article Details

Author / Journalist: Victor Tangermann

Category: Technology

Markets: United States

Topics: The digest Ai industry Meta OpenAI Artificial Intelligence Microsoft

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 14:00:45 (3 days ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 23437465

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About Futurism

Main Topics: Technology

Official Website: futurism.com

Update Frequency: 9 posts per day

Year Established: 1997

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

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Publisher ID: #68

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