Hyperscalers’ Free Cash Flow Dips as AI Arms Race Hits Balance Sheets

The full-year free cash flow at Amazon, Alphabet, Meta, and Microsoft is set to fall to its lowest level since 2014. The decline reflects mounting pressure from heavy investments in artificial intelligence (AI). AI Spending Spree Pulls Big Tech Cash Flow Down According to recent estimates from Morgan Stanley, hyperscalers including Amazon, Alphabet, Meta, Microsoft,