BUSINESSJun 24 · 15:30 UTCNY POSTMarc Vartabedian

Big tech spending on data centers balloons to $850B, with Meta and Microsoft investing tens of billions

Meta Platforms and Microsoft are leading investments in AI data-center leases, each committing tens of billions of dollars in recent quarters. Total future data-center lease commitments among major cloud-computing companies now exceed $850 billion.

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Meta Platforms Inc.organizationMicrosoftorganizationArtificial Intelligencetopicdata centerstopiccloud-computingtopic

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