Tech giants' ₹58 lakh crore risk for AI!
To win the AI race, Google, Microsoft, Meta, and Amazon are going to spend a whopping $700 billion (approximately ₹58 lakh crore) in 2026. This is 60% more than last year. These massive investments in data centers and chips are causing concern among investors. Due to the exorbitant expenses, Amazon and Microsoft shares have fallen, and the companies' free cash flow is decreasing while their debts are increasing.
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