Sunday, 3 May, 2026
Tech Giants Bet $700 Billion on AI Infrastructure Despite Uncertain Returns
By Isha
Global technology leaders are ramping up AI capital expenditure to a staggering $700 billion this year, even as analysts warn of a "capital-heavy" future with unproven monetization. While hyperscalers like Microsoft and Google report cloud growth, rising costs are consuming nearly 92% of operating cash flows. This aggressive spending surge reflects a high-stakes arms race where maintaining market leadership outweighs immediate profitability.
Read full story at Economic Times