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Amazon and four others to invest over $750 billion in capex this year

Axios ·

GOOGL Alphabet Inc
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  1. 1Amazon (AMZN) and four other major hyperscalers are set to spend over $750 billion in capital expenditure this year
  2. 2Up 67% year-on-year, with about 75% earmarked for AI infrastructure—the largest capital project in human history
  3. 3Strain on power grids and bipartisan backlash turn it into a political issue...over 70% of Americans oppose construction in their local areas

This 3-line summary is compiled from the report below.

Axios View original ↗

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