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AI News from ET - Big Tech pours billions into AI while thousands pack their bags

Vishwadeep Khatri
in AI News & Two Lenses

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Big Tech's March quarter 2026 earnings reveal a significant AI-driven transformation, with revenue up across the board. Companies are projecting record capital expenditure on AI infrastructure, exceeding $674 billion for 2026, while simultaneously implementing widespread job cuts. This strategic redirection of savings aims to fuel AI investments and data center expansion.

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