The Financial Times published an article exploring the impact of the Covid-19 pandemic on the global economy, highlighting the challenges faced by businesses and governments. The piece discusses the uneven recovery across different regions and sectors, as well as the ongoing uncertainty surrounding the future economic outlook. Overall, the article emphasizes the need for continued vigilance and adaptive strategies to navigate the evolving economic landscape.
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Amazon and Alphabet Bet Big on AI. Why History Says It's Time to Buy Both Stocks
SummaryMicrosoft has scaled back some data center leases but plans to invest $80 billion in AI infrastructure this fiscal year, while Amazon and Alphabet are moving forward with significant expenditures, with Amazon earmarking $75 billion and Alphabet $100 billion for data centers. Amazon's CEO highlighted AI as a transformative force, and both companies are developing custom AI chips to enhance cost efficiency, especially as the focus shifts to inference. Analysts believe that these heavy investments...
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