Big Tech Extends AI Investment Spree Amid Uncertainty Over Returns

From Microsoft to Meta, tech giants are planning to spend more on artificial intelligence in the year ahead.People stand next to a humanoid robot in Shanghai, China, on Feb. 21, 2025. Hector Retamal/AFP via Getty Images10/30/2025|Updated: 10/30/2025Major tech giants have reaffirmed their multibillion-dollar commitments to artificial intelligence (AI) spending.Microsoft reported on Oct. 29 a record capital expenditure of nearly $35 billion for its first fiscal quarter, aimed at satisfying the increasing demand for its cloud services.Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”Author’s Selected Articles