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The $650 Billion Bet: How Amazon, Google, Meta, and Microsoft Are Reshaping the Global Economy With Their 2026 AI Spending
Amazon, Alphabet, Meta, and Microsoft are collectively on track to spend $650 billion on AI infrastructure in 2026 — a 67% jump from 2025 and a level of corporate capital expenditure without parallel this century, as all four race to lock in compute, customers, and capability before the AI market consolidates.