Tech giants ramp up AI investments, driving revenue growth

Summary: Tech giants like Google, Microsoft, and Meta are increasing investments in AI, with Meta raising spending predictions by up to $10 billion and Google planning to spend $12 billion per quarter on data centers. This surge in AI investment is driving up demand for energy and high-end computer chips. Nvidia's revenue is expected to reach $24 billion this quarter. Microsoft's revenue rose 17% to $61.9 billion, and Google's revenue increased by 15% to $80.5 billion.

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