EconomyBig Tech’s AI buildout shows no sign of slowing on its own

Amazon, Microsoft, Alphabet, and Meta plan at least $720 billion in capital expenditure this year, mostly for AI infrastructure, on top of at least $1 trillion in commitments for coming years. Yet the data-center buildout has not delivered its promised returns, and investors are growing anxious about when it will. Google Cloud’s growth has also come at the expense of Search, while monetizing AI Mode remains uncertain.

Big Techartificial intelligencedata centerscapital spending

TThe Verge★★★☆☆2026-11-05 10:45Original