Cloud giants pour nearly $600B into capex as AI demand surges

AI has turbocharged an already expanding cloud services market as organizations pour billions into online platforms offering the compute needed to train and run models, swelling the coffers of the established giants. Their latest results show revenue surging alongside capital spending as Amazon, Google, and Microsoft race to add capacity – at least until the AI bubble eventually bursts, of course. Biggest of them all, Amazon disclosed that its Amazon Web Services (AWS) division took in $42