Is there a let-up in the AI mania? Big Tech doesn’t seem to think so.
Microsoft and Meta this week took turns explaining why they see no sign of weakening interest in the AI they’ve bet their futures on, reporting earnings that appeared to shrug off concerns over recent analyst notes suggesting wobbles in demand.
Meta said it was updating its guidance on capital expenditure for the year to $64-72 billion, up from $60-65 billion.
Meanwhile, Microsoft said its capital…
Article Source
https://www.businessinsider.com/big-tech-earnings-ai-slowdown-microsoft-meta-google-data-centers-2025-5
