Visual Capitalist December 24, 2024
Kayla Zhu

Big tech companies are aggressively investing billions of dollars in AI data centers to meet the escalating demand for computational power and infrastructure necessary for advanced AI workloads.

This graphic visualizes the total AI capital expenditures and data center operating costs for Microsoft, Google, Meta, and Amazon from January to August 2024.

AI capital expenditures are one-time or infrequent investments in long-term AI assets and infrastructure.

Data center operating costs are ongoing expenses for running and maintaining AI data centers on a day-to-day basis

The data comes from New Street Research via JP Morgan and is updated as of August 2024. Figures are in billions. Operating costs include cash operating expenses, software, depreciation, and electricity.

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