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#AI spending

25 stories taggedAI spending.

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AI Business

Alibaba's Profit Falls 75% as the Company Bets Big on AI

The Chinese tech giant is pouring money into data centres and chips. Investors are nervous, and shares slid 4% on the news.

3 min read
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AI Business

OpenAI is closing the gap on Anthropic among US business customers

New spending data from 70,000 American companies shows Anthropic still leads, but OpenAI is growing faster right now. The real story is how quickly businesses are willing to switch.

3 min read
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AI Business

Enterprises are buying AI computing power for speed, but most have no idea what it costs

A survey of 170 companies finds two-thirds are running live AI systems, yet fewer than half can rigorously track what that computing infrastructure actually costs them.

4 min read
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AI Business

Asian Tech Stocks Slide as SK Hynix Drops Nearly 10% on AI Spending Fears

A sharp sell-off swept through Asian chip and tech stocks on Thursday, but analysts say the underlying AI investment story has not changed.

3 min read
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AI Business

Rippling Was Burning Millions on AI. So It Built a Tool to Stop It.

The HR software company discovered one engineer was spending $50,000 a month on AI tokens. Its new AI Spend Console is designed to make sure that never happens to you.

5 min read
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Policy

ChatGPT Is Pulling In 90% of Congress's AI Spending

House disbursement records show lawmakers spent around $100,580 on ChatGPT in a single year, dwarfing all other AI tools combined. Anthropic's Claude came second, at a distant $13,160.

3 min read
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AI Business

SK Hynix surges 25%, Samsung jumps 20% as AI spending fears evaporate overnight

Blowout cloud results from Amazon and Microsoft sent Asian chip stocks soaring on Friday, wiping out a week of losses driven by fears that AI investment was running ahead of reality.

4 min read
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AI Business

Big Tech Is Spending Hundreds of Billions on AI. So Far, Almost Nobody Is Making Money From It

Google, Meta, Microsoft and Amazon all reported their latest financial results this week. The picture is complicated: enormous AI spending, thin returns, but millions of new users and a few signs the bets might pay off.

3 min read
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AI Business

Microsoft soars, Meta sinks: AI spending is splitting Big Tech in two

Both companies are pouring billions into artificial intelligence. One set of investors cheered. The other hit sell.

3 min read
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AI Business

Amazon's cloud business is booming. But whose money is paying for it?

Amazon beat earnings forecasts and raised its spending plans to $220 billion. Investors cheered. The catch: a lot of that cloud revenue flows straight from AI companies that are still burning cash.

4 min read
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AI Business

LinkedIn Is Freezing Its AI Data Center Spending for a Full Year

While rivals pour billions into new chips and server farms, LinkedIn says it doubled the efficiency of its existing hardware and saved $24 million in the process.

4 min read
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AI Business

Microsoft Posts $90 Billion Quarter as Cloud and AI Drive Record Results

Azure revenue crossed $100 billion for the full year, Copilot reached 30 million paid users, and capital spending nearly doubled. Here is what the numbers mean and why a few caution flags remain.

4 min read
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AI Business

Atlassian Caps Staff AI Spending at $2,000 a Month While Other Tech Firms Cheer Unlimited Use

The software company is putting a lid on how much each employee can spend on AI tools every month. Elsewhere in tech, some firms have gone the opposite way, turning AI usage into a competitive sport.

3 min read
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AI Business

AI's Money Problem: Google's Ballooning Costs Spook Investors Across the Whole Industry

Google just admitted it will spend up to $205 billion this year, more than it previously said it would spend at the high end. That miscalculation is rattling investors, and the pressure is spreading to every major AI company.

4 min read
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AI Business

Apple hits $5 trillion as investors ditch AI stocks

The iPhone maker briefly topped a $5 trillion market value on Tuesday, becoming only the second company in history to hit that mark, as money poured out of AI and chip stocks into perceived safer bets.

3 min read
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