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AI News from ET - Big Tech plans to spend about $650 billion on AI computing in 2026

Vishwadeep Khatri
in AI News & Two Lenses

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The spending planned by Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Microsoft Corp., all in pursuit of dominance in the still-nascent market for AI tools, is a boom without a parallel this century. Each of the companies’ estimated outlay for this year would set a high-water mark for capital spending by any single corporation in any one of the past 10 years, according to Bloomberg data.

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