Big Tech's Earnings Reveal an AI-Powered Spending Frenzy

Recent quarterly earnings from Amazon, Meta, Microsoft, and Google all point to the same conclusion: demand for artificial intelligence is surging, driving a massive race among tech giants to invest in AI infrastructure and capabilities. The reports have eased fears of an AI bubble, showing that spending is backed by real demand and growth prospects. Bloomberg's Ed Ludlow reports on the trend, highlighting how AI is reshaping corporate budgets and competitive dynamics.