According to a report by the Financial Times the day before yesterday, since the AI boom began in 2023, four U.S. tech giants—Google, Amazon, Microsoft and Meta—have invested $1.1 trillion in AI (note: approximately 7.44 trillion yuan at current exchange rates). Most of this funding has gone toward building data centers, chips and power infrastructure.
Reports indicate that this massive AI investment has already affected supply chains and competitors such as Apple, and the tech giants mentioned above show no signs of slowing their AI spending for now. The four companies will invest $745 billion in capital this year (approximately 5.04 trillion yuan at current exchange rates) to build AI infrastructure.
Whether this high level of investment will succeed depends on whether AI labs such as OpenAI and Anthropic can continue receiving capital infusions to meet growing business demands.
Meanwhile, Apple has remained relatively cautious in this investment wave. The company has not actively participated in the AI race. As hardware component costs rise and memory supplies remain tight, Apple may face declining sales and lower profit margins in the future.
Today, AI has gradually permeated the technology and business sectors, driving continued growth in demand for cloud computing. Meta's latest financial results showed that its advertising revenue grew by nearly 30% year over year.
RBC Capital analyst Rishi Jaluria said: “There is basically no end in sight to the growth in capital expenditure. Investors must strike a delicate balance between AI investment and the core businesses of major companies.”