India, July 3 -- Microsoft, Amazon, Google and Meta are spending hundreds of billions of dollars on artificial intelligence (AI), making it one of the biggest investment booms in tech history. Investors believe AI could transform businesses, but Wall Street is also asking one big question: Will all this spending actually pay off?

Companies are racing to build more AI data centres, buy powerful chips and create better AI models before their competitors do. This has triggered one of the biggest technology investment cycles ever seen. Goldman Sachs estimates tech companies could spend $7.6 trillion by 2031 on AI infrastructure, as reported by CBS News.

To stay ahead in the AI race; every major tech company wants to become the leader in AI ...