The race for AI supremacy among the biggest tech players is pushing capital spending to unprecedented levels this year, with projections showing the major cloud providers collectively approaching $700 billion in investments. This massive outlay, largely aimed at building out data centers, acquiring advanced chips, and expanding infrastructure, promises transformative potential—but it’s coming at a steep short-term cost to their cash positions. For anyone watching the tech sector closely, it’s both exhilarating and a bit unnerving to see how aggressively these companies are betting on the future.
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