Big Tech Increases Spending on Infrastructure Amid AI Boom [Video]

Big tech companies have increased their spending on infrastructure as the demand for artificial intelligence (AI) continues to expand, Construction Drive reported.

Amazon, Google, Meta and Microsoft expanded such investments by 81 percent year over year during the third quarter of 2024, according to an analysis by business consultancy Dell’Oro Group, seen by Construction Dive, and are on track to have spent $180 billion on data centers and related costs by the end of the year.

The push to expand and develop infrastructure among major technology companies is believed to have been prompted by the goal to enhance AI model training, the Dell’Oro Group said. AI investment requires data centers because they provide the computational infrastructure needed to train, deploy, and manage AI systems.

It was found that the three largest public cloud providers, AmazonWeb Services (AWS), Azure and Google Cloud, each had a spike in their investment in AI during …