BIG TECH IS SPENDING MORE THAN EVER ON AI AND IT'S STILL NOT ENOUGH

Summary from the TLDR AI newsletter

Big tech is planning to pour $400 billion into artificial intelligence efforts this year, but they all say it's nowhere near enough. Meta, Alphabet, Microsoft, and Amazon have all recently told investors that they will increase spending in 2026. Investors are uncertain about where the outsized spending will ultimately end. Whoever gets to AGI first will have an incredible competitive advantage over everybody else, so everyone is spending as much as they can.