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Big Tech Holds $2 Trillion of Spending Commitments for AI Boom
['Brody Ford', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
(Bloomberg) -- The four largest players in the data center race have committed nearly $2.4 trillion in spending over the coming years, pointing to massive ongoing investment in AI infrastructure.
This is a mix of short-term spending and some pledges that are as long as decades away.
Take the example of Google parent Alphabet: Last week, it disclosed $902 billion of purchase commitments, contractual obligations and leases that have not yet commenced.
Meta has reported a similarly sharp ramp-up, disclosing almost $700 billion in future spending.
For example, Meta notes that some of its planned spending is related to consumer hardware products in the Reality Labs division.