Indirect AI revenue (E.g. Google Search performance boosted by AI Overviews, or Microsoft Office revenue lifted by Copilot) is excluded because there is no reliable way to attribute what share of those gains AI is actually responsible for.

The site includes both, big tech infrastructure spend and pure lab spending, hence why companies like Amazon and Google have huge spend figures compared to the pure labs like OpenAI or Anthropic (big AI investments, not much direct AI revenue yet).

Ага, а ревеню тоже от клауд провайдинга. Ии не при чем. Есть рост деманда на сжигание денег - тратим на инфраструктуру сжигания денег. Такой же расклад был в начале клауд хайпа. Is the cloud profitable yet?

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