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Analysts from The Motley Fool revealed that major companies, including Amazon, Microsoft, Alphabet, Meta, and OpenAI, are projected to spend a combined $325 billion on AI infrastructure by the end of 2023. This figure reflects a significant investment trend in the AI sector, showcasing the intensity of competition among these tech giants to capitalize on AI technology.
Key analysts highlighted that Alibaba is positioning itself as a potential leader in AI investments, emphasizing its strategic moves to develop large language models and AI infrastructure. With its Cloud Intelligence unit showing triple-digit revenue growth, Alibaba’s AI initiatives could provide substantial returns for investors over the next decade.
In terms of hardware, Advanced Micro Devices (AMD) secured a lucrative multi-year deal with OpenAI, estimated to be worth up to $10 billion. This contract underscores AMD’s growing influence in the AI space, especially as it aims to challenge NVIDIA’s dominance in the AI hardware sector.
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