Big Tech is about to drop $789 billion on AI infrastructure in 2026. That's up 92% from this year's $412 billion.
Alphabet, Amazon, Meta, Microsoft, Oracle — they're all in. By 2029? Nearly $1.2 trillion a year.
Here's the thing: at some point, the math has to work. You can't burn cash at this scale forever without proving the revenue model.
Right now, the market is giving them a pass. Investors are betting on future dominance, network effects, the usual story. But patience isn't infinite.
When does the bill come due? When do we see actual ROI that justifies this arms race?
History says: hype phases end when someone asks to see the profits. And that question is coming.
Alphabet, Amazon, Meta, Microsoft, Oracle — they're all in. By 2029? Nearly $1.2 trillion a year.
Here's the thing: at some point, the math has to work. You can't burn cash at this scale forever without proving the revenue model.
Right now, the market is giving them a pass. Investors are betting on future dominance, network effects, the usual story. But patience isn't infinite.
When does the bill come due? When do we see actual ROI that justifies this arms race?
History says: hype phases end when someone asks to see the profits. And that question is coming.
