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AI Spending Surge Sparks Investor Doubt | Durham News
The AI boom is heating up—with global spending projected to hit $758 billion by 2029, more than double last year. OpenAI alone plans to spend $852 billion by 2030, pouring $50 billion into computing power this year alone. But investors are growing wary: chip stocks plunged, tech indices tanked, and even ChatGPT’s near-billion weekly users haven’t turned a profit. Big tech is feeling the heat—Alphabet’s stock is being sold ahead of earnings, Microsoft’s worst month in 20 years, and Amazon/Meta’s cash flow forecasts are crumbling. While Apple quietly partners with AI players instead of building…
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