Zuckerberg, Musk Vie for AI Primacy With $155 Billion Spree (2)

Meta Platforms Inc. will double capital spending to as much as $135 billion this year, an all-in bet on artificial intelligence as the US tech giants battle it out for supremacy in the next wave of technological advancements.

Tesla Inc. will spend $20 billion this year on pursuits including AI, self-driving vehicles and robotics — almost double Wall Street estimates — and plow another $2 billion into Chief Executive Officer Elon Musk’s xAI startup. Musk also said Tesla needs to build its own semiconductor factory.

Investors should look forward to “a major AI acceleration” that’s been brewing within the ...