Alphabet and Meta Increase AI Spending Amid Early Success
Alphabet (GOOGL) and Meta Platforms (META) are significantly increasing their investments in artificial intelligence. Both companies have reported strong early results from integrating generative AI into their services, with Alphabet allocating $180 billion to $190 billion for AI-driven capital expenditures this year and Meta raising its spending forecast to between $125 billion and $145 billion.
Topics: advertising performance AI investment capital expenditures cloud services growth