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ft.com

The relentless march of the omniscalers

Tech giants such as Alphabet, Amazon, Alibaba and Huawei are commanding enormous global resources

giovedì 26 marzo 2026 New tab

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Big Tech tests investors’ patience with $80bn AI investment spree

Alphabet, Meta and Microsoft divide the market over whether they can translate huge capital expenditure into income

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Big Tech groups launch global borrowing spree to fund AI expansion

US tech giants including Alphabet and Amazon are tapping foreign debt market at an unprecedented rate

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Google outpaces rivals as Big Tech’s AI spending plans rise to $725bn

Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft

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Big Tech’s AI spend is still a shot in the dark

Stellar results from Alphabet, Microsoft and Meta cannot yet be attributed to the technology’s usefulness

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In the AI boom, not all capex is created equal

There are big differences in the level of risk and likely returns of Big Tech’s spending

ft.com·8 mesi fa
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Big Tech’s $725bn AI spending spree sends free cash flow to a decade low

Silicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors

ft.com·1 mesi fa