Big Tech’s AI capex splurge can’t go on forever AI 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 which will run the artificial intelligence (AI) revolution. Total capex by these four firms is expected to reach $750bn [...]
Big Tech earnings to test AI demand – and Nvidia surge Tech Big Tech earnings this week are expected to provide a clearer picture of the AI state of play, with results from Microsoft, Alphabet, Meta and Amazon set to offer updates on capital expenditure and AI-related revenues. The results come as Nvidia, the booming chip darling, closed last week at a record high, taking its market [...]
‘Engine of the UK’s economy’: Mid-sized firms set to ramp up investment in boost to growth economy More than half of the UK's mid-sized firms plan to invest at least £3m in the next five years.
National Grid kicks off multi-billion pound capital raise to help the UK meet green targets May 23, 2024 National Grid has annocuned a bumper fund raise to help meeting its capital spending objectives.