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.
- On September 10, Oracle revealed a five-year, $300 billion deal for compute power, set to begin in 2027.
- Google Cloud has also signed on smaller AI companies like Lovable and Windsurf as “primary computing partners” And even OpenAI has gone back to the well, receiving a $100 billion investment from Nvidia in September.
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. [+7160 chars]
Never miss a story from us, subscribe to our newsletter