Microsoft, Meta, Google's parent company Alphabet, and Amazon recently released their performance reports for the last quarter of 2024 and disclosed their guidance for 2025. Overall, the four giants' capital expenditures in 2025 will continue to rise at the same time, which means that the AI race will become more and more intense. Such intense "burning money" plans, coupled with Chinese companies' DeepSeek (DeepSeek) to present another lower-cost AI route, have also made Wall Street increasingly worried about whether these tech giants can obtain sufficient returns. According to the report of Microsoft, Google, Amazon, and Meta, the total capital expenditure of the four giants in 2024 is 246 billion US dollars, which is 63% higher than the $151 billion in 2023. This year's total capital expenditure may exceed 320 billion US dollars.