AI buildout hits snag as Google and Microsoft put off raising capex forecasts
Summary
Alphabet and Microsoft recently reported capital expenditures that missed market estimates. This development highlights growing concerns across the financial sector regarding the heavy financial burden of expanding artificial intelligence infrastructure.
Microsoft and Alphabet both reported capital expenditures that fell short of estimates, adding to concern over the cost of the AI buildout.
Source: Read the full story at US Top News and Analysis
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