Major tech companies' capital expenditure is set to surge 75% this year, with AI investment now exceeding global spending on oil and natural gas production, according to the International Energy Agency.
Capital expenditure by major technology companies exceeded $400 billion in 2025 and is projected to rise by 75% in 2026, with AI-related spending now surpassing global investment in oil and natural gas production.
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Capital expenditure by major technology companies exceeded $400 billion in 2025 and is projected to rise by 75% in 2026, with AI-related spending now surpassing global investment in oil and natural gas production.
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