Major technology companies, including Amazon, Google, Meta, and Microsoft, have made a substantial increase in infrastructure spending due to the growing demand for AI.

According to research by Dell’Oro Group, these companies collectively raised their investments by 81% in the third quarter of 2024 compared to the previous year.

Analysts expect these companies to spend a total of US$180 billion on data centers and associated costs by the end of the year.

This increase in spending is aimed at improving the training capabilities of AI models.