Big tech is expected to spend nearly $500 billion on artificial intelligence infrastructure next year.

Over the past few years, many corporate budgets have been reoriented toward artificial intelligence (AI) investments. Nowhere is this shift more evident than among the cloud hyperscalers -- Microsoft , Alphabet , and Amazon -- as well as other tech titans like Meta Platforms and Oracle .

In just this year alone, Meta committed $14.3 billion to Scale AI and launched a new research hub, Meta Superintelligence Labs (MSL). It also signed a six-year, $10 billion agreement with Google Cloud . Meanwhile, Microsoft just struck a $17.4 billion deal with Nebius , a rising neocloud specialist.

At the center of this unprecedented wave of AI infrastructure spending stands one cl

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