Tech Company Blew Past Its $50 Billion AI Spending Target. Now It’s Preparing to Spend Up to $95 Billion.

The software giant spent about $55.7 billion this year, far more than it planned. Now it expects to spend even more on AI. Former Pentagon Advisor says it’s one more sign that Wall Street’s AI bet may be entering a dangerous new phase.

The software giant spent about $55.7 billion this year, far more than it planned. Now it expects to spend even more on AI. Former Pentagon Advisor says it's one more sign that Wall Street's AI bet may be entering a dangerous new phase.