Microsoft is one of the biggest spenders, followed closely by Google and AWS, Bloomberg Intelligence said. Its estimate of Microsoft’s capital spending on AI, at $62.4 billion for calendar 2025, is lower than Smith’s claim that the company will invest $80 billion in the fiscal year to June 30, 2025.

Microsoft is more than keeping apace with Amazon in trying to distinguish itself as the nationwide data center leader. The tech behemoth plans to spend a whopping $80 billion this year to put data centers,