The largest US IT companies will spend more than $ 300 billion on the development of AI in 2025

The leading technological companies in the United States continue to increase the costs of developing artificial intelligence (AI), despite market risks. Capital costs in 2024 Microsoft, Alphabet, Amazon and Meta✴ reached $ 246 billion, which is 63 % more than a year earlier. In 2025, these investments may exceed $ 320 billion.

Image source: Copilot

Fixed assets will be aimed at building data centers and the purchase of specialized chips for the development of large language models (LLM), and Amazon, which planned to invest more than $ 100 billion for these purposes, will be the leader in the volume of investments, reports Financial Times.

However, an increase in the costs of AI caused the concern of investors. The market responded to large -scale investment plans announced along with financial results for the fourth quarter. After the publication of reports on the more weakly wearing, the growth of cloud units and the increase in capital expenses, the market value of Microsoft and Alphabet (the maternal company Google) decreased by each by $ 200 billion. Investors express concern that the doubling of AI without a proportionate increase in income may To lead to a reduction in capital, which could be aimed at ransom of shares and payment of dividends, as well as to underfunding other areas of business. Moreover, companies have not yet provided clear data on income from new AI products, for example, such as Gemini and Copilot.

At the same time, the appearance of the innovative and inexpensive AI-model R1 of the Chinese startup Deepseek in early January increasingly increased the fears of investors. DeepSeek’s statement about creating a model comparable in terms of opportunities with Google and Openai products, but much cheaper, instantly led to a fall in the NVIDIA chips manufacturer by 17 %.

Despite the pressure from the shareholders, the general directors of the largest IT companies continue to defend their strategies. So, the Sundar Pichai from Google said that he plans to increase the company’s costs by 42 % up to $ 75 billion in 2025, calling AI “The opportunity for a century”. The head of Microsoft, Satya Nadella, confirmed the intention to invest $ 80 billion in the development of Azure’s cloud service, and Amazon Director General Andy Jassy announced that the company will invest more than $ 100 billion in AI.

Meta✴, on the contrary, received a positive market reaction. Her shares grew, despite the promise of Mark Zuckerberg, to invest “hundreds of billions of dollars in AI. It is noted that the success of the company is due to the fact that its technologies are already bringing a good return – for example, when using AI to improve advertising targeting on Facebook✴ and Instagram✴. For comparison, Google, on the contrary, is faced with difficulties in the integration of AI into his search engine, where new functions, such as “AI-reviews”, potentially, according to experts, harm the traditional advertising model of the company.

It is worth saying that the excitement around AI is not limited to public companies. Sam Altman (Sam Altman) made a partnership with SoftBank and Oracle for investing $ 100 billion in the infrastructure associated with AI in the USA, with a potential increase in a half -trillion dollars in the future. “Can winter AI come at some point? Of course, ”said Rishi Jaluria, an analyst from RBC Capital Markets. “But if you are in the leader’s position, you simply cannot slow down.”