Investment in artificial intelligence will reach 200 billion dollars in 2024

According to Bloomberg estimates, major technology companies will spend about 200 billion dollars on the development of artificial intelligence and related products by the end of this year.

According to Bloomberg, this amount of investment in artificial intelligence is an unprecedented record for these companies and an unprecedented level of spending. This huge amount will be spent on things such as increasing the production of artificial intelligence chips, building new data centers, signing contracts with energy suppliers, and reviving nuclear power plants to supply electricity to data centers.

Amazon, Meta and Google are the leaders in investing in artificial intelligence

Among the tech giants, Amazon leads the way with an investment of 75 billion dollars in 2024. This amount of investment has even surprised analysts. Amazon CEO Andy Jassy previously described artificial intelligence as a “once in a lifetime opportunity.”

Meta also ranks second after Amazon in 2024 with an investment of about 40 billion dollars. Meta CEO Mark Zuckerberg has also pledged to invest more in AI language models and future projects.

Google’s parent company, Alphabet, also reported higher-than-expected capital spending and predicted a “significant” increase in spending for 2025.

Microsoft’s AI-related spending is also on the rise. This company has invested 14 billion and 900 million dollars in this field in 3 months alone, which has increased by 50% compared to the previous year. At the same time, Microsoft is facing challenges in meeting demand due to data center capacity limitations.

Apple has also decided not to take an aggressive approach in investing in artificial intelligence. For now, the tech giant is content with offering Apple Intelligence on iPhone devices, although the service is said to have had little impact on iPhone 16 sales.

Of course, the reaction of the Wall Street stock market to this report was contradictory. Amazon and Alphabet both saw their shares rise after beating earnings expectations, largely due to strong growth in their cloud computing divisions. In contrast, Meta and Microsoft’s stock prices have declined following concerns over spending plans and forecasted cloud revenue growth.