Technology
Five hyperscalers have now committed more than $3 trillion to the AI build-out
A Bloomberg tally of third-quarter filings puts combined future spending by Alphabet, Meta, Microsoft, Amazon and Oracle above $3 trillion, up from about $2.4 trillion for four of them in a similar count in July. Alphabet alone has more than $1 trillion lined up, nearly eight times its level a year earlier, and Meta more than $800 billion. Future leases account for $1.3 trillion, some running 30 years, and the spending has pushed Alphabet and Meta into negative free cash flow.