Major US technology companies — Alphabet, Amazon, Meta, and Microsoft — are projected to spend about $650 billion in 2026 on AI computing infrastructure, including new data centers and related equipment, as part of an intensifying race for AI dominance. This level of capital expenditure is unprecedented in modern corporate history, with each company’s planned spending rivaling or exceeding its recent multi-year totals and setting new records for individual corporate investment, reports Matt Day and Annie Bang of Bloomberg. They write:
Four of the biggest US technology companies together have forecast capital expenditures that will reach about $650 billion in 2026 — a mind-boggling tide of cash earmarked for new data centers and all the gear housed within them.
The spending planned by Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Microsoft Corp., all in pursuit of dominance in the still-nascent market for AI tools, is a boom without a parallel this century. […]
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