Breaking: More free cash flow pressure on tech giants due to AI CAPEX Five tech giants have pledged $3T for AI infrastructure, up from $2.4T for four in July. Alphabet leads with $1T, followed by Meta at $800B. Future data-center leases account for $1.3T, some lasting 30 years. Alphabet and Meta are now in negative free cash flow. Gartner warns much of the spending may never pay off.
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