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Chinese firms face pressure on AI investments as US peers’ spending soars
Largest US companies on track for US$700 billion in AI capital expenditures this year, versus about US$105 billion in China.
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theguardian.com
Tech giants’ results show rosy outlook for AI boom and US stock market
Google, Microsoft and Amazon report gains in cloud-computing businesses while Meta spending draws concern
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bbc.com
Big US tech stocks swing as investors probe AI spending
Meta, Amazon, Alphabet and Microsoft all reported earnings at the same time on Wednesday.
