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Big Tech’s $750 Billion AI Bet Collides With Slowing Core Growth

Bloomberg Technology Friday 30 October 2026, 01:43 UTC By Julia Love and Spencer Soper 1 min read
Key Points

Big Tech’s $750 Billion AI Bet Collides With Slowing Core Growth The core businesses of America’s technology giants — the advertising, consumer and retail machines propping up a collective $750 billion in AI spending this year — are starting to show signs of slowing. In some cases, they’re being cannibalized by the very technology the firms are betting the house on.

Big Tech’s $750 Billion AI Bet Collides With Slowing Core Growth The core businesses of America’s technology giants — the advertising, consumer and retail machines propping up a collective $750 billion in AI spending this year — are starting to show signs of slowing. In some cases, they’re being cannibalized by the very technology the firms are betting the house on. Earlier this week, Google owner Alphabet Inc. reported that ad sales from search and other channels — a business line that accounts for roughly half of overall revenue — grew at the slowest pace in five quarters. Yet the company maintained a capital spending outlook of as much as $205 billion for this year.
Big Tech’s (ORG) America (LOCATION) AI (ORG) Google (ORG) Alphabet Inc. (ORG)
Originally published by Bloomberg Technology Read original →

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