Google, Amazon, Microsoft and Meta's cumulative AI-related spending has reached $1.1 trillion since the 2023 AI boom, the Financial Times reports, citing company earnings.

Google, Amazon, Microsoft, and Meta (recognized as an extremist organization and banned in Russia) have significantly increased their investments since the AI boom began in 2023. Their cumulative spending reached $1.1 trillion, the Financial Times reported, citing company earnings. The newspaper noted that the huge expenditures reflect both the scale of their AI ambitions and the speed at which American IT giants have become major investors in AI infrastructure. RBC Capital analyst Rishi Jaluria said capital expenditure growth shows no end in sight and that investors need these companies to maintain a clear line between investing in AI and preserving what made them successful.