Three months ago, Wall Street punished the behavior of the world's top technology companies for spending huge amounts on developing artificial intelligence without achieving ideal results. How did Silicon Valley respond this quarter? The answer is planning to invest more. Amazon, Microsoft, Meta, and Alphabet Inc., these four major internet and software companies, are poised to exceed a total capital expenditure of 200 billion US dollars this year. Executives of these four companies warned investors this week that they will continue to invest next year, and may even increase the scale. This frenzy highlights the enormous cost and resources consumed by the AI frenzy triggered globally by the emergence of ChatGPT. Tech giants are competing to purchase scarce high-end chips and build large data centers required for technology. To this end, these companies are collaborating with energy suppliers to power these facilities. Tech giants are trying to convince Wall Street that these huge investments will make future businesses more profitable than current sales of digital advertising, commodities, and software.