Oiro Of Investment From Big Companies In AI Microsoft, Meta, and Google’s parent company Alphabet have invested 32 billion dollars in the field of artificial intelligence in the last 3 months.
According to the data, in the first quarter of 2024, these 3 companies have invested a total of 32 billion dollars in data centers and other technologies necessary for the development of AI.
This has been revealed from the details released by the companies for investors.
From the perspective of the rapid development of artificial intelligence technology in the technology industry, these companies have announced that they will invest tens of billions of dollars in the field of AI in the future.
Mark Zuckerberg, the CEO of Meta, has predicted that Meta will spend 10 billion dollars in the field of AI in the coming quarter.
Speaking last week, he said – I think it is appropriate to invest in it, and we are doing it accordingly.
Similarly, according to Ruth Porat, the chief financial officer of Google, the company plans to invest about 12 billion dollars in the field of AI every quarter this year.
How are AI companies investing in AI technology?
According to the New York Times report, Amazon and Meta are going to radically improve their data centers to support AI.
In a letter sent to shareholders this month, Amazon’s CEO Andy Jesse said that the opportunity for more technological efforts in the field of AI infrastructure and data is widespread.
The company is releasing its quarterly results this week.
Meanwhile, Google announced that it is going to invest in the expansion of its data center campus in Virginia as well as the construction of a new data center in Fort Wayne, Indiana.
Similarly, AI chip maker Nvidia is expected to earn about 24 billion dollars in this quarter. According to the Washington Post, the company’s income in the same quarter two years ago was only 8.3 billion.