Tech Giants Expected to Ramp Up AI Spending Spree After DeepSeek

(Bloomberg) -- The biggest tech firms will ramp up their combined annual spending on artificial intelligence to more than $500 billion by early next decade, driven in part by a newer approach to AI from DeepSeek and OpenAI, according to Bloomberg Intelligence.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from Congr