Earnings season, we meet again. This week on The Refresh, we take a look at Meta, Google, and Amazon’s third quarter earnings.
All three of these Big Tech heavyweights saw record growth for the quarter while also spending record amounts of cash to not only keep up in the AI arms race but to lead it.
But investors are starting to cast a more critical eye on growing capital expenditures that aren’t producing a visible yield (cough, Meta, cough).
Infrastructure development is critical to AI’s future success. But so is the ability to build advanced AI into products that are accessible and desirable to use.
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