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Meta, Microsoft, Alphabet, and Amazon will invest $650 billion in AI data centers this year, aiming to quadruple capacity by 2035. Amazon plans to invest $200 billion by 2026; Alphabet, Meta, and Microsoft plan $185 billion, $135 billion, and $130 billion respectively.

The Oracle Stargate consortium begins a $500 billion project for new data centers. Historically, infrastructure investments have seen both booms and busts, such as in railroads and highways. Concerns about financial sustainability and potential bubbles in the AI market are noted, with estimates suggesting a $1.5 trillion funding gap for AI infrastructure over the next three years.