Google, Amazon, and Microsoft are allocating $43 billion to cloud computing to meet AI demand.

Google, Amazon, and Microsoft are allocating $43 billion to cloud computing to meet AI demand.

The world’s cloud computing giants are reportedly increasing their spending as artificial intelligence (AI) grows. Cost of capital byGoogle,AmazonAndMicrosoftThe Financial Times (FT) jumped to a total of $42 billion for the three months to September.It has been reportedSunday (November 5). This figure is up 10% from the previous quarter, and analysts predict that cloud spending …

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Google invests another $2 billion in artificial intelligence company Anthropic: Report

Google invests another $2 billion in artificial intelligence company Anthropic: Report

Google is doubling down on its artificial intelligence (AI) bet by investing another $2 billion in artificial intelligence startup Anthropic, according to a new report. Google has already invested $500 million in Anthropic, an OpenAI competitor from the creators of ChatGPT, and will pay the remaining $1.5 billion over time, according to a Wall Street …

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Meta lost $3.7 billion in the third quarter in its Metaphors-focused Reality Labs division

Meta lost $3.7 billion in the third quarter in its Metaphors-focused Reality Labs division

GamesBeat Next unites gaming industry leaders for exceptional content, networking and deal opportunities. Join us in San Francisco on October 23-24. Register now Meta reported a loss of $3.7 billion in the third quarter in its Metaphors-focused Reality Labs division. In its quarterly call with analysts, Meta Chief Financial Officer Susan Lee said the company …

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US tech giants make $62 billion profit

US tech giants make $62 billion profit

The revenues generated by the giant companies are expected to total 324 billion Earnings season is likely to be an “eye-opener” for Wall Street, sending stocks higher Amazon’s revenue will increase 11 percent in the three months ending in September America’s tech giants are set to battle global market gloom this week with the start …

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