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Tech Giants Expected to Ramp Up AI Spending Spree After DeepSeek
The biggest tech firms will ramp up their combined annual spending on artificial intelligence to more than $500 billion by early next decade, driven in part by a newer approach to AI from DeepSeek and OpenAI, according to Bloomberg Intelligence.
The rise of DeepSeek prompted questions in the US tech industry over heavy investments in developing AI. A group of so-called hyperscale companies, including Microsoft Corp., Amazon.com Inc. and Meta Platforms Inc., are projected to spend $371 billion on data centers and computing resources for AI in 2025, a 44% increase from the year prior, according to a report published Monday. That amount is set to rise to $525 billion by 2032, growing at a faster clip than Bloomberg Intelligence expected before the viral success of DeepSeek.
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