Google, Microsoft, and Meta’s earnings reports last week put a spotlight on the hundreds of billions of dollars Big Tech will pour into AI by the end of 2024. In this quarter alone, Google said its capital expenditures were $12 billion, nearly double the amount from a year earlier. Meanwhile, Microsoft is reportedly increasing its spending faster than its revenue, but it still doesn’t have enough data center infrastructure to deploy and run its AI models. And many deep-pocketed startups like OpenAI, Anthropic