# **Global Tech Giants Spend Tens of Billions of Dollars on AI**
The Wall Street Journal reported that global technology companies invested tens of billions of dollars in the artificial intelligence (AI) sector last year. This can be seen in the increasing annual capital expenditure.
In detail, Amazon revealed that its capital expenditure increased to US$26 billion in the last quarter of 2024. This was driven by spending on their cloud computing product, AWS.
Amazon CEO Andy Jassy said AI has the potential to change the history of technology and his company wants to be a leader in this evolution.
Alphabet does not want to be left behind, Google's parent company is accelerating its AI data center investment plan, the impact of a surge in capital expenditure of around US$75 billion from the previous US$52.5 billion in 2024. Later, this capital will be allocated for cloud computing infrastructure.
Meanwhile, Microsoft plans to spend US$80 billion on AI infrastructure and its spending will continue to increase until next year. Last year, the company's capital expenditure reached US$55.6 billion.
Finally, Meta also plans to spend $60 billion to $65 billion on capital expenditures this year, part of which will be used to build a data center in Louisiana, after revenues rose to $48.4 billion in the final quarter of 2024.
