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Tech companies ramp up AI spending, but doubts grow over its profitability

TechnologyInternationalEl Universal (Cartagena)AI summary
Image: El Universal (Cartagena)

Major tech companies have increased their capital spending to meet AI demand, raising doubts about the technology's profitability and weighing on their shares. UBS raised its aggregate AI investment forecasts to $1 trillion in 2026, $1.4 trillion in 2027 and $1.5 trillion in 2028. Alphabet reported negative free cash flow of $9.065 billion in the last quarter, Amazon reported lower liquidity due to AI spending and Microsoft said its capex rose 30% year on year.

In 35 seconds

  • UBS estimates aggregate AI investment of $1 trillion in 2026, $1.4 trillion in 2027 and $1.5 trillion in 2028
  • Alphabet posted negative free cash flow of $9.065 billion in the last quarter
  • Microsoft's capex rose 30% year on year and Amazon reported lower liquidity due to AI spending
Read the full story at El Universal (Cartagena)

IASummary generated by artificial intelligence from a story by El Universal (Cartagena). It may contain errors: the original source prevails.

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