Big Tech is pouring billions into AI infrastructure, but mounting debt, negative cash flow, and growing investor skepticism are raising questions about the sustainability of the AI spending boom.
Amazon wants to be the king of AI cloud computing and become the first $1 trillion revenue business. But to do that it will have to continue on its capex spending spree, its CEO said Thursday.
Constellation Energy will get $5 billion in government loans to modernize nuclear reactors. Most of the new capacity is already committed to Google, Amazon, and Meta.
As Amazon blocks AI agents from shopping on its site, Walmart is taking the opposite approach, introducing new technology that lets AI agents make purchases on customers' behalf, with controls over spending and transaction approvals.
Amazon wants to break Nvidiaβs hold on PyTorch, the free toolkit used to build most AI apps, so that more developers run their apps on alternative chips like its own.