What is Amazon's investment in AI infrastructure?

Amazon plans to spend $200 billion on data centers, chips, and other AI-related equipment.

How much will major tech companies spend on AI by 2026?

Amazon, Alphabet, Meta, and Microsoft are expected to collectively spend approximately $650 billion on AI tools by 2026.

What is the projected increase in AI infrastructure spending?

The anticipated spending of $650 billion by 2026 represents a 60% increase compared to the prior year.

Home / Business and Economy / AI Boom: Tech Giants to Spend $650B on Infrastructure

AI Boom: Tech Giants to Spend $650B on Infrastructure

7 Feb

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Summary

Amazon plans $200 billion investment in data centers and AI hardware.
Major tech firms will spend $650 billion on AI tools by 2026.
This represents a 60% increase in AI infrastructure spending year-over-year.

AI Boom: Tech Giants to Spend $650B on Infrastructure

Shares of Nvidia experienced a significant surge on Friday, driven by investor enthusiasm for companies poised to capitalize on substantial artificial intelligence infrastructure spending by major technology firms this year. This market movement was largely sparked by Amazon's announcement.

During its earnings call, Amazon revealed plans to allocate $200 billion towards data centers, chips, and related equipment. This significant investment underscores the growing importance of AI.

Collectively, Amazon, Alphabet, Meta, and Microsoft are anticipated to disburse around $650 billion for AI tools by 2026. This figure represents an impressive 60% increase compared to the prior year's spending, highlighting a major industry-wide commitment to AI advancement.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.