Big tech has spent $155bn on AI this year. It’s about to spend hundreds of billions more
In a fierce race, Meta, Microsoft, Amazon and Alphabet have poured $155bn into AI capex so far in 2025—surpassing US federal spending on education and social services—and are set to ramp up next year’s budgets to over $400bn. Microsoft plans $100bn, Amazon $118bn, Alphabet $85bn and Meta $66–72bn. Even Apple is boosting AI investments, while startups like OpenAI have raised $8.3bn in a major funding round. Tech giants’ data-center expansions highlight a gold-rush scramble for AI dominance.
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