Big Tech's capital expenditure on AI is set to explode from roughly $400 billion last year to a projected $1.5 trillion next year, an investment scale one expert calls a 'really, really unusual moment' in history.
The tape Big Technology Podcast · Aug 12
“So we're looking this year, it's looking like big tech alone will put something like 700 billion in towards CapEx this year. I think last year was something like 350 to 400 billion and next year is projected to be 1.5 trillion.”
Anthropic is meeting with investors to quell concerns about public backlash and competition ahead of a potential IPO that could be the largest ever, targeting a September or October debut.
Software Engineering Daily · SED News: The Kimi Moment, Runaway AI, and TokenmaxxingAug 11
Runaway AI agent loops led to an 860% budget overrun at Amazon over five months, a problem attributed to a culture that rewards token consumption over productivity.