ByWALLA! MONEYJULY 23, 2026 15:35Updated: JULY 24, 2026 09:40The global race for dominance in artificial intelligence is turning into one of the most expensive and turbulent corporate competitions in history.Tech giants Amazon, Microsoft, Alphabet, and Meta are expected to spend about $600 billion on AI infrastructure during 2026.This unprecedented spending spree is eroding cash flows and placing heavy pressure on companies to prove that massive investments in chips, servers, and data centers wi...