3 stories for “AI spending”
Investors will look for an answer to one question: is the enormous AI spending already producing revenue. Microsoft will show Azure revenue in dollars for the first time, and Google is expected to report about $128 billion in revenue.
The three companies, which plan to spend up to $600 billion this year on infrastructure, report results in the coming days. Against a market selloff and rising financing costs, investors want proof the money is coming back.
The software giant is cutting costs amid enormous AI spending. The offer applies to employees in the US, Canada, the UK and India, who must decide by early December. In Israel, about 50 Copilot Studio employees were called to pre-dismissal hearings.
