Advertisement
Australia markets closed
  • ALL ORDS

    7,935.70
    -99.20 (-1.23%)
     
  • AUD/USD

    0.6630
    -0.0028 (-0.42%)
     
  • ASX 200

    7,665.60
    -101.10 (-1.30%)
     
  • OIL

    80.42
    +0.59 (+0.74%)
     
  • GOLD

    2,344.30
    -12.20 (-0.52%)
     
  • Bitcoin AUD

    102,175.89
    -1,001.60 (-0.97%)
     
  • CMC Crypto 200

    1,462.37
    -22.32 (-1.50%)
     

AI-Powered Capex Spike Seen At Amazon, Meta, Microsoft, Google, Apple. 'Big Tech Is The New Big Oil.'

AI-Powered Capex Spike Seen At Amazon, Meta, Microsoft, Google, Apple. 'Big Tech Is The New Big Oil.'

The race to build the computing power necessary for artificial intelligence has Big Tech spending like Big Oil, as described in an analyst note Wednesday.