ChipsJuly 31, 2026via Financial Times Technology
Big Tech AI spending spree tops $1tn
Why it matters
The aggregate capex commitment from the Big Four signals the scale of the compute race and reshapes cloud economics, forcing practitioners to reassess data-center strategies and on-prem vs. cloud decisions for the next 3-5 years.
Key signals
- Big Tech cumulative AI capex: $1 trillion since 2023
- Companies: Google, Amazon, Microsoft, Meta
- Investment trajectory: vastly increased post-2023 AI boom
- Published: July 2026 (recent/current)
- Source: Financial Times (authoritative)
The hook
$1 trillion. That's what Google, Amazon, Microsoft, and Meta have poured into AI infrastructure since 2023 — and the buildout is accelerating.
Google, Amazon, Microsoft and Meta have vastly increased their investments since the AI boom began in 2023