AI’s finally expensive enough to make Wall Street nervous
Article summary
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It's earnings season, and investors got an unpleasant surprise from Google: an increase on its spending estimate, to as much as $205 billion - from the last quarter's projection of up to $190 billion. Even the lower end of Google's new projected range - $195 billion - is much more than the company had previously …
1Key Takeaways
- It's earnings season, and investors got an unpleasant surprise from Google: an increase on its spending estimate, to as much as $205 billion - from the last quarter's projection of up to $190 billion.
- Even the lower end of Google's new projected range - $195 billion - is much more than the company had previously ….
2AIWedia Score
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3Why it matters
Funding rounds show which AI bets investors back—and which categories may scale quickly. The Verge AI reports that it's earnings season, and investors got an unpleasant surprise from Google: an increase on its spending estimate, to as much as $205 billion - from the last quarter's projection of up to $190 billion.
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