<ul><li>Tech giants' investments in cloud infrastructure are reportedly paying off due to the demand for artificial intelligence.</li><li>Microsoft, Amazon, and Google earned a combined revenue of $62.9 billion last quarter from their cloud businesses, up 22.2% from a year earlier.</li><li>These companies are continuing to spend on property and equipment to build more data centers to meet the growing demand for AI infrastructure.</li><li>Other tech giants like Meta, AMD, and OpenAI are also investing heavily in AI infrastructure to capitalize on its potential.</li></ul>

Big Tech Makes Money by Spending on AI Infrastructure

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