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Fueled by a collective fear of missing out (FOMO), Big Tech firms are aggressively investing in artificial intelligence. Amazon, Google, Microsoft, and Meta have collectively reported over $350 billion in capital expenditures this year alone, with plans to escalate that figure even further in the coming year. Industry analysts are forecasting that these four leading companies will inject upwards of $400 billion into AI development over the next 12 months. These colossal investments underscore the intense hype and competitive pressures currently defining the AI landscape, as corporations fiercely compete to develop and deploy cutting-edge AI technologies. This report is based on information originally appearing on The Verge.