As demand for AI surges, tech giants are racing to build massive infrastructure to support it. Nvidia CEO Jensen Huang estimates the market will reach a value of $3โ$4 trillion by 2030. Microsoft set the tone for AI development with its $1 billion investment in OpenAI in 2019, which has since grown to a valuation of nearly $14 billion. Now, OpenAI is diversifying partners, including a $30 billion deal with Oracle and a massive $100 billion investment from Nvidia. Meta is spending $600 billion on US infrastructure by 2028, building data centers powered by nuclear and natural gas. Meanwhile, the “Stargate” project, a $500 billion AI venture by Trump, Oracle, SoftBank, and OpenAI, has slowed but is still under construction, according to Tech Crunch. The AI boom is straining power grids, expanding emissions, and transforming global infrastructure at breakneck speed. They write:
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It takes a lot of computing power to run an AI product โ and as the tech industry races to tap the power of AI models, thereโs a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated that between $3 trillion and $4 trillion will be spent on AI infrastructure by the end of the decade โ with much of that money coming from AI companies. Along the way, theyโre placing immense strain on power grids and pushing the industryโs building capacity to its limit. […]
For companies like Meta that already haveย significant legacy infrastructure, the story is more complicated โ although equally expensive. Mark Zuckerberg has said that Meta plans to spend $600 billion on U.S. infrastructureย through the end of 2028.
In just the first half of 2025, the company spentย $30 billion moreย than the previous year, driven largely by the companyโs growing AI ambitions. Some of that spending goes toward big ticket cloud contracts, like a recentย $10 billion deal with Google Cloud, but even more resources are being poured into two massive new data centers. […]
Just two days after his second inauguration, President Trump announced a joint venture between SoftBank, OpenAI, and Oracle, meant to spend $500 billion building AI infrastructure in the United States. Named โStargateโ after the 1994 film, the project arrived with incredible amounts of hype, with Trump calling it โthe largest AI infrastructure project in history. Sam Altman seemed to agree, saying, โโโI think this will be the most important project of this era.โ […]
As the hype has died down, the project has lost some momentum.ย In August, Bloomberg reported that the partners were failing to reach consensus. Nonetheless, the project has moved forward with the construction ofย eight data centers in Abilene, Texas, with construction on the final building set to be finished by the end of 2026.
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