
A hundred billion here, a hundred billion there. Pretty soon, you're talking about real money. Today, we have staggering but somehow unsurprising news of money approaching a total of $200 billion being pumped into AI and involving all the usual suspects: Meta, OpenAI, Nvidia, Microsoft, and Amazon.
First up is a report that Meta is planning to double its spending on AI this year to $135 billion. Let's just repeat that figure. $135 billion. It's an incredible amount of money. It's frankly incredible that Meta has that kind of money to spend speculatively on something that, currently, isn't proving lucrative for anyone apart from the people selling the picks and axes to help you search for the money.