Microsoft is one of the biggest spenders, followed closely by Google and AWS, Bloomberg Intelligence said. Its estimate of Microsoft’s capital spending on AI, at $62.4 billion for calendar 2025, is lower than Smith’s claim that the company will invest $80 billion in the fiscal year to June 30, 2025.

Microsoft has published a lengthy piece talking about its vision for artificial intelligence development over the next four years, under the incoming Trump administration. In the piece, the company has revealed that it's spending a total of $80 billion on AI-enabled data centers in 2025.

President Joe Biden this week issued one of his last executive orders, addressing the race to build domestic data centers and clean energy plants in order to retain America’s leadership in artificial intelligence.