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Moreover, three US tech giants signaled that their AI arms race is only accelerating. Meta lifted its 2024 capital-expenditure outlook to 7072 billion and said spending next year will be notably larger". Revenue also surged to 51.24 billion, up 26 percent year over year. This aspect of Ai Spending Hits Record Levels As Microsoft Google And Meta plays a vital role in practical applications.

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• Big Tech's AI spending is accelerating (again) - The New York Times.

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