Global Tech Giants Intensify AI Infrastructure Spending Race

Major technology companies are sharply increasing capital expenditure on artificial intelligence infrastructure. Newly released financial reports show that Meta Platforms, Alphabet, Microsoft and Amazon are projected collectively to invest nearly $700 billion in 2026 in advanced data centres, high‑performance semiconductor chips, cloud systems and next‑generation networking.

The reporting says Meta Platforms is making the steepest increase in spending, while Microsoft and Alphabet have revised their investment forecasts upward, intensifying an unprecedented financial race for AI dominance. Analysts cited in the coverage also linked the surge in spending to broader macroeconomic effects, including inflationary pressures associated with the industry’s rapid investment growth.