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With capex growth massively outstripping sales growth in AI-focused tech companies, they appear to be shifting from an asset-light business model to a more capital-intensive one. #AI #TechCompanies #Capex #BusinessModels www.ft.com/content/d503...
Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets
www.ft.com
Big Tech groups race to fund unprecedented $660bn AI spending spree
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Debashis Sarkar