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Big Tech is spending a nation's worth of cash on AI

By Molly Liebergall
From Morning Brew

Big Tech is spending a nation's worth of cash on AI

Morning Brew delivers quick and insightful updates about the business world every day of the week from Wall St. to Silicon Valley.

Happy belated earnings week to the titans of Silicon Valley: Apple, Amazon, Google, and Meta all reported their recent financials in the past few days, revealing that the screen-time quartet will collectively drop a record $200+ billion this year kicking their AI investments into high gear.

They're trying to convince investors this is worth it. After its AI-related earnings disappointed Wall Street last quarter, Big Tech doubled down in the latest period:

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