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00:02Meta, Microsoft, Amazon, Alphabet, and Apple are collectively set to invest
00:08$400 billion in artificial intelligence this year, with plans to boost spending even further in
00:142026, according to the Wall Street Journal. Microsoft CFO Amy Hood said the company continues
00:20to face a shortage of computing power as AI demand accelerates, prompting the need for
00:26increased spending. Amazon CEO Andy Jassy said the company is rapidly expanding cloud capacity to
00:32meet strong demand, noting it can immediately monetize new investments. Meta CEO Mark Zuckerberg
00:38defended the company's heavy AI infrastructure investments despite investor pushback,
00:43saying Meta's platforms are running in a compute-starved state. Analysts questioned whether
00:49the spending race toward artificial general intelligence represents innovation or a bubble.
00:53shares reflected mixed reactions on Thursday. Meta fell 11 percent, Microsoft dropped 3 percent,
01:01Alphabet rose 2.5 percent, and Amazon surged 10 percent in after-hours trading.
01:07For all things money, visit Benzinga.com.
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