Four of the largest tech companies in the world project that they’ll spend roughly $650 billion combined on AI infrastructure in 2026, representing a historic ball-out for corporate capital expenditures, Bloomberg reported Here’s who’s spending what:

• Taking the cake, Amazon announced Thursday that it’s planning to drop $200 billion on AI, chips, robotics, and satellites.
• A day earlier, Alphabet said its capital expenditures could reach $185 billion, blowing past estimates.
• Last week, Meta pegged its capex as high as $135 billion—an 87% jump from the year prior—driven by the company’s goal of achieving AI superintelligence.
• Microsoft is expected to spend nearly $105 billion during its fiscal year ending in June.

Big Tech to spend $650 billion on AI in 2026, per Bloomberg