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Billions at Stake: Big Tech Refuses to Blink in AI Spending War

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‼️ The market is actively seeking reasons to turn bearish on AI investments, even as tech giants continue to pour billions into an increasingly competitive landscape, according to Ray Wang, Constellation Research chairman and AI Forum co-founder.

In an interview with CNBC, Wang argued that despite investor skepticism following elevated capital expenditure announcements, major technology companies have no choice but to keep spending aggressively.

“This is a winner-takes-all market,” Wang said. “And if you’re not making that investment, you’re going to be falling behind.”