Big tech spending on data centers balloons to $850B, with Meta and Microsoft investing tens of billions
Meta Platforms and Microsoft are leading the pack of tech giants that are shoveling money into artificial intelligence data-center leases – each committing tens of billions of dollars in during their most recent quarters. The new agreements helped lift total future data-center lease commitments among the largest cloud-computing companies to more than $850 billion. Those...
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Business Big tech spending on data centers balloons to $850B, with Meta and Microsoft investing tens of billions By Marc Vartabedian Published June 24, 2026, 11:30 a.m. ET See more of our coverage in your search results. Add The New York Post on Google Meta and Microsoft are leading the pack of tech giants that are shoveling money into artificial intelligence data-center leases – each committing tens of billions of dollars in their most recent quarters, according to a report. The new agreements helped lift total future data-center lease commitments among the largest cloud-computing companies to more than $850 billion, Bloomberg reported. The obligations have continued to rise over the past year as tech firms build out server farms to power an expected boom in AI use in coming years.
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