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Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surpassing its internal target for 2025 (Bloomberg)

Bloomberg : Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surp...

6 November 2023

Amazon, Microsoft, and Alphabet reported $42B in combined capital spending in Q3, up 10% from Q2 and almost 20% from Q3 2021, to expand generative AI services (Camilla Hodgson/Financial Times)

Camilla Hodgson / Financial Times:
Amazon, Microsoft, and Alphabet reported $42B in combined capital spending in Q3, up 10% from Q2 and almost 20% from Q3 2021, to expand generative AI services  —  Google, Microsoft and Amazon boost investment by a fifth over two years to a combined quarterly total of $42bn

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