Issue #26
Meta, Amazon and Alphabet now spend more cash than they make
Meta, Amazon and Alphabet, the parent of Google, spent more cash than they brought in last quarter. AI data centers seem a large part of the reason.
If you use AI at work, the price and the terms you get depend on who pays this bill.
Here is what happened this week, why it matters, and what could follow.
The week in 3 lines
- The AI bill is now public. Anthropic opened its books, and big tech firms showed their cash going out.
- Agents can pay, but few do. Shopify opened a payment path, and banks and some shops block agents.
- Attackers want your AI keys. Stolen keys now pay for the attacks themselves.