Amazon and Google are winning the AI capex race - but what's the prize?
TechCrunch • • business
Key Points:
- Amazon plans to invest $200 billion in capital expenditures by 2026, focusing on AI, chips, robotics, and satellites, marking a significant increase from $131.8 billion in 2025 and positioning it as a leader in AI infrastructure spending.
- Google follows closely with projected capital expenditures between $175 billion and $185 billion for 2026, up from $91.4 billion the previous year, indicating intense competition in the AI compute space.
- Other major tech players like Meta, Oracle, and Microsoft are also ramping up investments, with Meta projecting $115 billion to $135 billion, Oracle $50 billion, and Microsoft estimated around $150 billion for 2026.
- Despite these massive investments, investor
