Tech Giants’ Cash Reserve Shrinks Amid $725 Billion AI Investment

Record spending on artificial intelligence by America’s tech giants has reportedly eaten into their cash flow. Big Tech is investing a record $725 billion in AI projects, leaving the combined free cash flow of Amazon , Google , Microsoft and Meta to fall a projected $4 billion during the third quarter, the Financial Times (FT) reported Friday. That’s down from an average of $45 billion in each quarter since the pandemic, the report added.