The Wall Street Journal

Big Tech’s $400 Billion AI Spending Spree Just Got Wall Street’s Blessing

Microsoft joins Nvidia in $4 trillion market-cap club; Meta gets close to joining Google and Amazon in $2 trillion club

The AI arms race is accelerating as the major tech companies add to their already gargantuan levels of spending. The bets are paying off for investors, but not for all employees. 

Alphabet’s Google, Microsoft, Amazon and Meta Platforms are set to spend nearly $400 billion this year on capital expenditures, largely to build their artificial-intelligence infrastructure. That is more than the European Union spent on defense last year.

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