Big Tech’s AI business model: $725 billion of capex, 2 customers
中文摘要
科技巨头在AI上投入7250亿美元导致现金流骤降，Meta和Alphabet受创，ROIC成为关键指标。
English Summary
Big Tech's $725 billion AI investment has slashed cash flows at Meta and Alphabet, shifting focus to ROIC.
Original Excerpt
Meta’s free cash flow fell 91%. Alphabet’s went negative. Jeff Dean quit Google after 27 years. ROIC becames the metric to watch. Continue reading on Medium »