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Investing.com — Microsoft (NASDAQ:MSFT) has introduced plans to take a position $80 billion within the building of information facilities that may deal with synthetic intelligence (AI) workloads by fiscal 2025.
The vast majority of this funding, over half of the whole quantity, can be allotted to initiatives inside the US.
The corporate’s announcement comes amid a surge in know-how corporations investing closely in Nvidia (NASDAQ:NVDA)’s graphics processing models.
These models are used for coaching and operating AI fashions. The AI race amongst corporations was sparked by the fast unfold of OpenAI’s ChatGPT assistant, which was launched in late 2022.
Within the first quarter of fiscal 2025, Microsoft reported $20 billion in capital expenditures and property acquired beneath finance leases worldwide.
Of this, $14.9 billion was spent on property and gear. Microsoft’s Chief Monetary Officer, Amy Hood, acknowledged in October that capital expenditures are anticipated to extend sequentially within the fiscal second quarter.
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