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BackBig Tech Q1 2026 Earnings: Record $674B AI Spend, 90K+ Job Cuts

Big Tech Q1 2026 Earnings: Record $674B AI Spend, 90K+ Job Cuts

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Economic Times5/3/2026BusinessIndia

Big Tech Q1 2026 Earnings: Record $674B AI Spend, 90K+ Job Cuts

Amazon, Meta, Microsoft, and Alphabet report revenue growth while announcing massive AI infrastructure investments and widespread layoffs

big tech earnings artificial intelligence

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Big Tech's Q1 2026 earnings reveal significant AI-driven transformation.
Amazon reported $181.5B in net sales (up 17%), Microsoft $82.89B (up 18%), and Alphabet $109.9B (up 22%).
Combined AI capex for the four hyperscalers is projected at $674B for 2026, more than double 2024 levels.

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Big Tech's Q1 2026 earnings reveal significant AI-driven transformation. Amazon reported $181.5B in net sales (up 17%), Microsoft $82.89B (up 18%), and Alphabet $109.9B (up 22%). Combined AI capex for the four hyperscalers is projected at $674B for 2026, more than double 2024 levels. Meanwhile, over 90,000 tech workers have been laid off in 2026, as companies redirect savings from workforce reductions toward AI infrastructure spending.

Read the full article on Economic Times

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This article was originally published by Economic Times.

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