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The AI Spending Boom Is Creating a Depreciation Time Bomb
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The eye-watering capital expenditure plans of Big Tech has been one of the year’s biggest stories.
Google, Meta, Amazon, and Microsoft have all splurged to secure a podium spot in the race to build out the infrastructure that will run the artificial intelligence (AI) revolution.
Total capex by these four firms is expected to reach $750bn (£560bn) this year, around half the annual spending of the entire UK government.
It is much higher than this high-tech quartet has budgeted for before.
And it is expected to be even higher next…
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