Tech giants ramp up AI spending, but returns remain uncertain: Jefferies

New Delhi [India], May 1 (ANI): Global technology companies are set to spend unprecedented sums on artificial intelligence (AI) infrastructure, even as concerns mount over weak returns and uncertain business models, according to a latest Greed & Fear report by Jefferies.

The report, titled “The mother of all capex cycles”, highlights that AI-related capital expenditure by major US tech players could reach about USD 700 billion this year and USD 800 billion next year, reflecting the scale of the ongoing investment surge.