A group of people who only know how to make money are questioning the strategy of those who build businesses and technology.
Capital expenditure exceeds GDP! Silicon Valley giants bet $660 billion on AI, but the market becomes more anxious as it burns more cash
U.S. tech giants plan to invest a total of $660 billion in AI infrastructure by 2026, an amount that exceeds Israel's GDP and represents a year-on-year increase of 60%. Amazon, Microsoft, and Google have seen their market values evaporate by $900 billion due to their astonishing capital expenditures and Microsoft's heavy reliance on OpenAI. In contrast, Apple achieved record revenue with very low capital expenditures, becoming the only winner to escape the sell-off
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