Microsoft and Meta Platforms each committed nearly $US50 billion ($70 billion) in additional data centre leases in their most recent quarters, underscoring an escalating bet the tech industry is making on artificial intelligence.
Those pledges helped push overall commitments to future data centre leases above $US700 billion among the largest cloud computing companies, a group that also includes Oracle and Amazon. These obligations have steadily climbed over the last year as tech giants ink deals to rent server farms, according to a Bloomberg analysis of quarterly filings.
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Bloomberg