In the first half of 2024, major technology companies, including Nvidia ($NVDA), Microsoft ($MSFT), Meta ($META), Google ($GOOG), Amazon ($AMZN), and AMD ($AMD), collectively spent $104 billion on capital expenditures (capex), with expectations of increased spending in the latter half of the year. This surge in investment is primarily directed towards artificial intelligence (AI) technologies. However, this focus on AI has raised concerns regarding its impact on employment within the sector. Microsoft has notably invested $1.5 billion in AI, while Alibaba has unveiled new AI innovations in Shanghai. During recent earnings calls, executives from these companies acknowledged the need for continued investment in AI, with Microsoft’s CFO projecting higher capex for fiscal year 2025 compared to fiscal year 2024. Similarly, Meta's CFO indicated significant growth in capex for 2025, while AMD's CEO emphasized the necessity of AI investment. These developments have sparked discussions among investors about the sustainability and implications of such extensive spending on AI.