Big Tech companies like Meta, Microsoft, Alphabet, and Amazon are investing tens of billions of dollars in AI projects.
Google's parent company, Alphabet, plans to spend approximately $75 billion in capital expenditures by 2025, mainly for data centers and server capacity for AI.
Amazon expects increased capital expenditures of $100 billion this year, with a focus on AI for its AWS cloud computing division.
Meta (formerly Facebook) has raised its full-year capex estimate to support AI efforts, while Microsoft is showing signs of being less bullish on AI spending.