AI capex is the capital expenditure — spending on data centers, chips, and other infrastructure — that major tech companies pour into building and running AI systems. This hub tracks how much the biggest AI players are spending, how they finance it, and what analysts say about whether it is paying off.
Capital expenditure — capex — is what tech giants spend building AI data centers and chips. Here's what it means when that spending pushes a profitable company's free cash flow negative.
Read more →Alphabet posted its first quarterly free-cash-flow deficit as AI spending pushed capital expenditures to a record $44.9 billion, and raised its 2026 capex outlook to $205 billion.
Read more →AMD will invest up to $5 billion in Anthropic and supply as much as 2 gigawatts of Instinct MI450 GPUs, one of the chipmaker's biggest moves yet against Nvidia.
Read more →Microsoft is funding a multibillion-dollar expansion of Mistral's European data centers, letting regulated industries run frontier AI without ceding control of their data.
Read more →TSMC will invest $100 billion more in Arizona, lifting its total US commitment to $265 billion, after a record quarter driven by AI chip demand.
Read more →A Blackstone-led investor group is funding 49% of five natural-gas power plants that pipeline giant Williams is building largely to supply electricity to AI data centers.
Read more →Intel will invest €5 billion to expand its Leixlip campus in Ireland, adding capacity for Xeon server processors as AI data center demand strains chip supply.
Read more →Meta is expanding its Hyperion data center in Richland Parish, Louisiana, to 5 gigawatts of capacity, pushing total investment past $50 billion and funding local schools and infrastructure.
Read more →Meta has begun construction on a 1-gigawatt, AI-optimized data center in Alberta — its first in Canada and 33rd globally, backed by a CAD $13 billion investment.
Read more →Anthropic will lease a 401-megawatt AI computing campus in Hawesville, Kentucky, from TeraWulf under a 20-year, $19 billion deal, with capacity coming online starting in 2027.
Read more →President Lee Jae Myung unveiled a sweeping national strategy on June 29, committing at least $880 billion from Samsung, SK Hynix, and major Korean conglomerates to semiconductors, AI infrastructure, and data centers through 2035.
Read more →Samsung Group pledged 1,000 trillion won ($648 billion) at a South Korean government briefing on June 28, with over 350 trillion won targeting AI data centers and semiconductor factories across the country over ten years.
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