Zuckerberg, Musk Battle for AI Supremacy with $155 Billion Investment

• Meta Platforms Inc. plans to double capital spending to $135 billion, focusing heavily on artificial intelligence.
• Tesla Inc. will invest $20 billion in AI, self-driving, and robotics, plus $2 billion in Elon Musk's xAI startup.
• Mark Zuckerberg announced a "major AI acceleration" at Meta, with new models and products expected after a 2025 program overhaul.
• The massive spending by tech giants is fueling profits for hardware providers like Samsung, SK Hynix, and ASML.
• The surge in AI investment is exacerbating a global chip demand-supply imbalance, potentially bottlenecking growth across industries.

Why It Matters: Tech giants Meta and Tesla are investing heavily in AI, driving innovation but also creating chip supply challenges.