The billiondollar infrastructure deals powering the AI boom | TechCrunch
News Source : TechCrunch
News Summary
- Between $3 trillion and $4 trillion will be spent on AI infrastructure by the end of the decade.
- In 2019, Microsoft made a $1 billion investment in a buzzy non-profit called OpenAI.
- In January, OpenAI announced it would no longer be using Microsoft’s cloud exclusively.
- On September 10, Oracle revealed a five-year, $300 billion deal for compute power.
- Mark Zuckerberg has said that Meta plans to spend $600 billion on U.S. infrastructure through 2028.
It takes a lot of computing power to run an AI product and as the tech industry races to tap the power of AI models, theres a parallel race underway to build the infrastructure that will power them. [+6024 chars]
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