Microsoft, Meta Face Investor Scrutiny Over AI Spending Binge
(Bloomberg) — Earnings season for a handful of megacap tech firms has morphed into capex season with the AI arms race showing no signs of slowing.
Focus will be on how much the behemoths Microsoft Corp. and Meta Platforms Inc. plan to dish out to keep up with competitors like Alphabet Inc. and Amazon.com Inc. as they build out infrastructure and software to power artificial intelligence applications.
