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Google and Microsoft missed AI spending estimates, rattling stocks

Microsoft cut its full-year capex forecast to $170 billion from $175 billion, while Alphabet held its range at $195 billion to $205 billion

Google and Microsoft missed AI spending estimates, rattling stocks

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More in AI

Artificial intelligence programs create applications within hours

AI models can now generate functional software applications from scratch in hours, leading to projects like the open-source PhotoCraft.

  • AI models can generate functional applications in hours
  • PhotoCraft competes with Adobe Photoshop
  • WordCraft is 60% complete for practical use

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