The AI Money Pit: Who's Paying for the Next Great Leap Forward? Morgan Stanley has increased its estimates of capital expenditures on Amazon and Meta's artificial intelligence projects, potentially reaching $1.
4 trillion by 2028. This figure is a sober reminder of the true cost of advancing AI technology.
Amazon and Meta are driving these massive investments, with Morgan Stanley analyst Brian Nowak citing returns on investment as an area of debate. However, what underlies this surge in spending?