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Microsoft Vice President and President Brad Smith participates in the first day of Web Summit in Lisbon, Portugal, on November 12, 2024. The world’s largest technology conference this year has 71,528 attendees from 153 countries and 3,050 companies , with AI emerging as the most represented industry. (Photo by Rita Franca/NurPhoto via Getty Images)
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microsoft plans to spend $80 billion in fiscal 2025 building data centers that can handle artificial intelligence workloads, the company said in a blog post on Friday.
More than half of the planned spending on AI infrastructure will be in the United States, wrote Microsoft vice president and president Brad Smith. Microsoft’s 2025 fiscal year ends in June.
“Today, the United States leads the global AI race thanks to private equity investment and innovations from American companies of all sizes, from dynamic startups to well-established companies,” Smith said. “At Microsoft, we’ve seen this firsthand through our partnership with OpenAI, from startups like Anthropic and xAI, and our own AI-enabled software platforms and applications.”
Several top tech companies are rushing to spend billions on NVIDIA Graphics processing units to train and run AI models. The rapid spread of OpenAI’s ChatGPT assistant, which launched in late 2022, started the AI race for companies to offer their own generative AI capabilities. having invested more than $13 billion At OpenAI, Microsoft provides cloud infrastructure to the startup and has incorporated the startup’s models into Windows, Teams and other products.
Microsoft reported $20 billion in capital expenditures and assets acquired under financial leases worldwide, with $14.9 billion spent on property and equipment, in the first quarter of fiscal 2025. Capital expenditures will increase sequentially in the fiscal second quarter, Microsoft Chief Financial Officer Amy Hood said. in October.
LOOK: Microsoft will end 2024 with capital expenditures of at least $53 billion