Big Tech’s $635 Billion AI Spending Faces Energy Shock Test, S&P Global Says

  (Reuters) – Massive investments in artificial intelligence that underpinned record runs in equities face a major hurdle as the Middle East ​crisis clouds prospects for growth and energy costs, said Melissa ‌Otto, head of research at S&P Global Visible Alpha. Before the Iran war broke out, tech giants Microsoft, Amazon, Alphabet and Meta planned to spend about $635 billion on data ​centres, … Read more