Big Tech Keeps Spending Billions on AI. There’s No End in Sight.

Much of the money is going to new data centers, which are predicted to place huge demands on the U.S. power grid

The biggest tech companies in the world have spent billions of dollars on the artificial intelligence revolution. Now they're planning to spend tens of billions more, pushing up demand for computer chips and potentially adding new strain to the U.S. electrical grid.

In quarterly earnings calls this week, Google, Microsoft and Meta all underlined just how big their investments in AI are...