Meta and Microsoft have each committed approximately $50 billion in additional data center leases, pushing the combined infrastructure obligations across major cloud providers well past the $700 billion mark. When factoring in ambitious multi-year buildouts like OpenAI’s Stargate project, the total figure approaches $850 billion.
The numbers behind the AI land grab
Microsoft’s total future lease obligations now sit at roughly $155 billion. Meta’s tally comes in around $104 billion. The leases typically run 12 to 15 years and are designed to support hyperscale AI workloads, the kind of computing that powers large language models, image generators, and whatever comes next.
The aggregate commitments from leading cloud providers, including Oracle alongside Meta and Microsoft, crossed $700 billion as of March 2026. The remaining gap to $850 billion is largely attributable to OpenAI’s Stargate initiative, a sprawling multi-year data center project being built in collaboration with Oracle and other partners.
Some of these individual leases carry power capacities measured in the hundreds of megawatts. For context, a single megawatt can power roughly 750 average American homes.
