Tech's splurge on AI chips has companies in 'arms race' that's forcing more spending

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of dollars so his company can develop and train advanced artificial intelligence models.But even he says the AI hype may be driving too much investment."I think that there's a meaningful chance that a lot of the companies are overbuilding now and that you look back and you' ...