This Week in AI: Tech Giants’ Spending Soars; Meta Rethinks Metaverse | PYMNTS.com

This Week in AI: Tech Giants’ Spending Soars; Meta Rethinks Metaverse | PYMNTS.com

This week in artificial intelligence, Big Tech invests in AI, Meta rethinks its metaverse pivot and DeepSeek poses a potential security threat.

Big Tech Plans Big Spending on AI This Year

The AI arms race is getting pricey. Meta, Google, Microsoft and Amazon announced they are planning to collectively spend at least $315 billion on capital expenditures in 2025, much of it for AI.

Meta’s capital expenditures budget is between $60 billion and $65 billion, while Google parent

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