Five tech giants commit more than $3 trillion to AI infrastructure
The commitments cover future spending on data centers, leases, equipment and energy across Alphabet, Meta, Microsoft, Amazon and Oracle, according to Bloomberg, as reported by The Next Web. Alphabet accounts for more than $1 trillion of the total, while Meta has committed over $800 billion, according to the same reporting.
- Some leases extend for 30 years, according to Bloomberg via The Next Web.
Covered by 2 publishers within 3 hours of the first report.
Reporting2
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The Next Web Big Tech has now committed more than $3 trillion to the AI build-out · Ana-Maria Stanciuc