It takes a lot of computing power to run an AI product – and as the tech industry races to tap the power of AI models, there’s a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated that between $3 and $4 trillion will be spent on AI infrastructure by the end of the decade – with much of that money coming from AI companies themselves. Along the way, they’re placing immense strain on power grids, and pushing the industry’s building capacity to its limit.

Below, we’ve laid out everything we know about the biggest AI infrastructure projects, including major spending from Meta, Oracle, Microsoft, Google, and OpenAI. We’ll keep it updated as the boom continues, and the numbers climb even higher.

Microsoft’s $1 bi

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