Microsoft Vice Chairman and President Brad Smith attends the first day of the Internet Summit in Lisbon, Portugal, on November 12, 2024. With 71,528 attendees, artificial intelligence became the most representative industry. (Photo by Rita Franca/NurPhoto via Getty Images)
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Microsoft The company said in a blog post on Friday that it plans to spend $80 billion in fiscal 2025 to build data centers capable of handling artificial intelligence workloads.
Microsoft Vice Chairman and President Brad Smith writes that more than half of expected AI infrastructure spending will occur in the United States. Microsoft’s fiscal year 2025 will end in June.
“Today, the United States leads the global race for artificial intelligence, thanks to private capital investments and innovation at American companies of all sizes, from dynamic startups to established enterprises,” Smith said. “At Microsoft, We’ve seen this first-hand through our work with OpenAI, emerging companies like Anthropic and xAI, and our own AI software platforms and applications.”
Top tech companies are spending billions of dollars NVIDIA Graphics processing unit for training and running artificial intelligence models. OpenAI’s ChatGPT assistant launched in late 2022 and quickly gained popularity, kicking off an AI race for companies to offer their own generative AI capabilities. Invested Over $13 billion In OpenAI, Microsoft provides cloud infrastructure for startups and integrates startup models into Windows, Teams and other products.
Microsoft reported that in the first quarter of fiscal 2025, global capital expenditures and assets acquired through financial leases were US$20 billion, of which property and equipment expenditures were US$14.9 billion. October will be added consecutively.
watch: Microsoft’s capital expenditures will reach at least US$53 billion by the end of 2024
