Big tech has spent $155bn on AI this year. It’s about to spend hundreds of billions more
by Blake Montgomery from Technology | The Guardian on (#6Z2CA)
Tech giants have spent more on AI than the US government has on education, jobs and social services in 2025 so far
The US's largest companies have spent 2025 locked in a competition to spend more money than one another, lavishing $155bn on the development of artificial intelligence, more than the US government has spent on education, training, employment and social services in the 2025 fiscal year so far.
Based on the most recent financial disclosures of Silicon Valley's biggest players, the race is about to accelerate to hundreds of billions in a single year.
Continue reading...