From Quartz.

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Amazon, Microsoft, Meta, and Google plan about $650 billion in 2026 capital expenditures, highlighting AI’s growing macroeconomic footprint.
The companies cite surging demand for AI capital expenditures tied to new data centers and the infrastructure behind them. Spending targets emphasize AI chips, networking systems, and backup power to support model training and deployment.
Amazon forecast roughly $200 billion in 2026 capex after about $130 billion in 2025, with CEO Andy Jassy citing demand across AI, chips, robotics, and low‑Earth‑orbit satellites. The total is 60 percent above 2025’s $400 billion, after nearly 50 percent growth from 2024.
Economists compare the scale to the 1990s telecom build-out, and JPMorgan’s Stephanie Alliaga estimated AI capex added 1.1 percent to U.S. GDP growth in early 2025. #bigtech #investment #economy #innovation

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