By Sadiq Al Gobahi 
In a bold move, major tech companies like Amazon, Microsoft, Meta, and Alphabet are investing a staggering $200 billion in AI-related capital expenditures this year1. This unprecedented level of investment is aimed at securing high-end chips, constructing expansive data centers, and forging deals with energy providers1. Despite the massive spending, Wall Street remains skeptical about the immediate returns on these investments1.
Amazon is leading the charge with a projected $75 billion in spending for 2024, while Meta and Alphabet are also making significant investments1. However, concerns persist about the long-term viability and profitability of these expenditures1. Analysts are divided, with some optimistic about the potential of AI investments and others worried about the massive costs involved1.
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