New Delhi, Oct. 31 -- As the earnings season in the US progresses, tech's internet giants have made it clear to the Wall Street the Artificial Intelligence (AI) investments will be the next big things. Microsoft, Meta, Alphabet and Amazon will now collectively spend $380 billion this year, the tech giants said as they got through the earnings.

The companies also lifted their guidance for capital expenditures, saying that they will spend more than what they anticipated.

This comes as companies including Microsoft, Meta, Alphabet and Amazon race to invest in and build infrastructure for what they have been touting as a limitless demand for AI services.

Amazon Chief Financial Officer Brian Olsavsky said he expected full-year capital expen...