Big Tech spends $725bn on AI

- Big Tech is shifting from software to heavy AI infrastructure spending, turning AI into a capital‑intensive business rather than a purely software feature. - Analysts peg the sector’s recent AI capital outlay at roughly $725 billion, while reports show some vendors moving to token‑based pricing with output tokens costing up to six times input tokens. - That combination is driving usage-sensitive pricing and pressure for predictable bills from vendors selling AI services and platforms. (ft.com) (en.sedaily.com)