AI Spending is Beginning to Payoff

It’s certainly no secret that many of the largest tech companies in the world have spent billions of dollars each year to rapidly scale up their artificial intelligence operations.However, the question remains: when will all of this capital expenditure (CapEx) start to see a significant payoff? Fortunately, recent insights from Alger indicate that payoff could potentially be on the horizon.The chart below shows the current and projected aggregate capital expenditure (CapEx) and operating cash flow for the f ...