Technological Megacaps to spend more than $ 300 billion in 2025 to win in AI

Megacap technology companies channeled billions of dollars in artificial intelligence last year to try to keep up with demand without restrictions. The exaggeration does not move in 2025.

Goal, Amazon, Alphabet and Microsoft I intend to spend up to $ 320 billion combined in AI technologies and construction of data centers in 2025, based on comments from their CEO at the beginning of this year and throughout the call calls in the last two weeks .

That is $ 230 billion in total capital expenses in 2024.

Technology companies have already poured many billions of AI projects from the Chatgpt 2022 debut, while running to expand data centers with ship loads from the NVIDIA graphics processing units (GPU) and advance Your models. China’s recent rise Depseek sent a shock wave Through the sector, with estimates that suggest that the open source tool cost a fraction of some competitors based in the United States to create.

Those fears stimulated a Market sale last week, entrepreneur NVIDIA and IA Chips Manufacturers and Broadcom Below for a combined $ 800 billion in a single day. This development forced the United States CEO to ask questions about their strong expenses plans and if necessary.

The answer, until now, is not decreasing speed.

Amazon offered the most ambitious spending initiative among the four, with the aim of disbursement More than $ 100 billionabove $ 83 billion in 2024. CEO Andy Jassy said during the Company’s Profit Call On Thursday, money would be allocated mainly to Amazon web services and a “type of unique business opportunity in life.”

“I think that both our business, our clients and the shareholders will be happy, in the medium and long term, that we are looking for the capital opportunity and the business opportunity at AI,” he said.

Last month, Microsoft said it would assign $ 80 billion In fiscal year 2025 to create data centers for AI work loads. More than half of that expense is ready to occur in the United States, said Brad Smith, president of the company. Microsoft’s fiscal year ends in June.

Alphabet It is aimed at $ 75 billion in capital expenses this year, with $ 16 billion to $ 18 billion expected In the first quarter. The Chief of Finance, Anat Ashkenazi, said in Tuesday’s gain call that most of the expense would be used for “technical infrastructure, mainly for servers, followed by data and networks.”

Meanwhile, Meta CEO Mark Zuckerberg Establish the capex of the AI ​​of your company Budget at $ 60 billion at $ 65 billion In January, calling 2025 a “defining year for AI”. In Facebook publicationHe said the measure would help “unlock historical innovation and extend US technological leadership.”

The other three of the so -called 7 are Apple, Tesla and Nvidia.

AppleThe expenditure in AI is difficult to project, often appearing in operating expenses because the company rents the training capacity of cloud suppliers. The models that support Apple’s intelligence were Trained in Google CloudFor example. Apple also rents the AWS and Azure cloud capacity.

“In the Capex part, it is important to remember that we use a type of hybrid approach where we do things internally and we have certain partners with whom we do business externally where the CAPEX would appear in their respective businesses,” said CEO Tim Cook. A gain call last year.

Tesla Said after its profit report at the end of January that Capital expenses related to AI were approximately $ 5 billion in 2024, of $ 11.34 billion in total. The company expects its expense to be flat year after year.

Tesla has been building a “training cluster” called Cortex, in its Texas facilities to be used to train models behind the company’s autonomous driving technology and humanoid robotics currently in development.

Nvidia does not inform results until the end of this month. And their Capex figures will look very different since Nvidia is the one that develops and supplies AI technology, instead of buying it.

For Amazon, Google and Microsoft, the expenditure of AI is high, but it is supposed to result in a great blessing for their cloud businesses, which are the main growth drivers. Everyone has said that customers request more AI processing tools and that they plan to execute larger work loads in the cloud.

But in the most recent quarter, cloud numbers were weaker than expected, and the three companies are not consensus estimates. A great reason was the shortage of supplies.

“I predict that these limitations really begin to relax in the second half of 2025,” said Jassy of Amazon.

In Microsoft, the Azure cloud business side was better than management had planned, but outside the AI, Azure was left behind the internal projections due to disappointing sales to customers through partners Said Finance Chief Amy Hood about the earning call. Microsoft is renewing its sales approach when it comes to balancing AI with more traditional IT processes, Hood said.

– Jordan novel from CNBC, Lora Kolodny, Kif Leswing, Jonathan Vanian, Ashley Capoot, Jennifer Elias and Annie Palmer contributed reports with reports

LOOK: Wait that Amazon’s growth slows down in the short term