Q4 2024 Capex: A Look at Hyperscalers and Telcos
2024 was a heck of a year for AI, and it’s looking like the trend will continue into 2025. Companies of all sizes are examining how AI can streamline or enhance their operations, and in the process they’re learning that when it comes to AI, there’s a growing array of options available.
Cloud hyperscalers AWS, Google Cloud, Microsoft, and Oracle, for instance, are projecting dramatic capital expenditures for AI datacenters to augment and create new AI services. Some are nearly doubling what they spent last year, according to findings in our latest Cloud Tracker Pro premium report, Q4 2024 Update: AI Spending Explodes.
CTP subscribers can download the report here.
While our report examines all financials through Q3 2024 or year to date (we’re still waiting for the final Q4 reports later this month), there’s been plenty of guidance to indicate the direction of upcoming AI spending this year.
For instance, in a now-famous blog post on January 3, Brad Smith, vice chair and president of Microsoft stated:
“In FY 2025, Microsoft is on track to invest approximately $80 billion to build out AI-enabled datacenters to train AI models and deploy AI and cloud-based applications around the world. More than half of this total investment will be in the United States, reflecting our commitment to this country and our confidence in the American economy.”
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