From Fossil Fuels to Neural Networks: Trillion-Dollar Shifts Shaping Our World.
The AI Craze is crazy! Over the last 5 years, the Capital Expenditure by top tech firms, especially the BIG 5 (Apple, Microsoft, Meta, Alphabet and Amazon) has reached ~$1 trillion. Over the same period, OIL&GAS majors have done a CAPEX of about $800 Billion. Result: Tech now dwarfs Oil [...]
