economie

Nvidia earnings will show just how much Big Tech is spending on AI. Here’s what companies from Microsoft to OpenAI have said so far.

Google has positioned itself as an AI-first company. Pictured: Alphabet CEO Sundar Pichai.

Google has positioned itself as an AI-first company and released a plethora of offerings over the last few months, although has had to roll back some because of inaccuracies.

But executives remained fairly cryptic about its AI spending in the company’s second-quarter earnings call last week.

Executives haven’t provided any hard numbers on the company’s AI investments but continued to emphasize that its AI ambitions will produce long-term returns. For now, what we do know is Google spent $3 billion to build and expand its data centers, and $60 million to train AI on Reddit posts.

OpenAI
OpenAI CEO Sam Altman.

OpenAI’s operating costs may be as high as $8.5 billion this year,  by the end of the year and ramp up its  in May that xAI was in discussions with Oracle about a $10 billion investment to rent cloud servers.