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Tech giants likely to ramp up AI spending spree after DeepSeek
Financial Express Pune
|March 18, 2025
THE BIGGEST TECH firms will ramp up their combined annual spending on artificial intelligence (AI) 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.
A group of so-called hyperscale companies, including Microsoft, Amazon and Meta Platforms, 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.
This story is from the March 18, 2025 edition of Financial Express Pune.
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