Hyperscaler capex has quadrupled since GPT-4's release, nearing half a trillion dollars in 2025

2026-02-27

Hyperscaler capital expenditures have grown 70% per year since the release of GPT-4. Company statements and analyst projections anticipate continued rapid spending growth in capital expenditures in 2026. Alphabet, Amazon, Meta, Microsoft, and Oracle are predicted to spend a collective $770 billion on capex this year. There was nearly half a trillion dollars invested in AI in total last year.