Technology companies spent billions of dollars on AI in 2024

Economy

The study covers both the overall capital expenditures on artificial intelligence and the operating expenses of data centers, including operational costs, software, depreciation, and electricity costs.

According to a report by JPMorgan, citing New Street Research, Microsoft, Meta*, Google, and Amazon invested a total of 125 billion dollars in the development and operation of data centers for artificial intelligence from January to August 2024.

According to the study's data, Microsoft spent the most funds on AI capital assets such as graphics processors and other chips, as well as on maintaining its AI data centers. The report also notes that Google and Amazon allocated more funds for training their AI models than for their application for