Dwindling cash and soaring memory costs: Tech's AI buildout has ballooning price tag
- watch nowAlmost four years into the artificial intelligence boom, the world's biggest tech companies are still making grand promises about the future.
- The problem is, they're burning through their cash in the process.
- AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to Goldman Sachs.
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- watch nowAlmost four years into the artificial intelligence boom, the world's biggest tech companies are still making grand promises about the future.
- The problem is, they're burning through their cash in the process.
- AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to Goldman Sachs.
Sources: Cnbc