Tech giants are spending more on AI amid slow returns, and that's spooking investors

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...

By: TechSpot

Apr 26 2024
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Tech giants are spending more on AI amid slow returns, and that's spooking investors — Tech giants are spending more

In brief: Tech companies continue to pour billions of dollars into artificial intelligence-related areas, from hardware and software to general investments and acquisitions. But reaping the financial rewards is taking longer than expected. Meta's ann... [2596 chars]

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