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Wall Street frets over Big Tech’s $200bn AI spending splurge

The four biggest US internet groups this week showed glimpses of benefits but warned of increased spending
Business - Financial Times - November 1
Apple to buy Pixelmator, the iPhone image editing app with AI features

Pixelmator said there "will be no material changes to the Pixelmator Pro, Pixelmator for iOS, and Photomator apps at this time."
Business - CNBC - November 1
Sam Altman Says the Path to Better AI Is Blocked by Missing Computer Power

Having access to piles of cash and some of the world’s most powerful AI processing chips isn’t enough for OpenAI to release new products at its chosen pace, its CEO claims.
Business - Inc. - November 1

Wall Street frets over Big Tech’s $200bn AI spending splurge