Hello and welcome to Eye on AI. In this edition…Big Tech is increasing AI spending... OpenAI drops its foundry ambitions... Wall Street boosts AI infrastructure... and AI models give inaccurate voting info.
Quarterly earnings are in for Microsoft, Meta, and Google, with Amazon’s on the way tonight. Those who reported so far made one thing clear: They’re about to amp up spending on AI even more. Of course, most of this investment will go to infrastructure like Nvidia chips and data centers. Nvidia isn’t set to announce its Q3 earnings for another month, but it will be another telling one to watch for the pulse on the AI boom.
