Meta, Amazon, Microsoft, Google to spend $750 billion on AI data centers in 2026; soaring material costs, supply backlogs, regulatory delays push single gigawatt facility to $30 billion as US capacity set to triple.

AI Data Centers Cost Billions to Build. This Is Why

October 12, 2026 at 6:30 AM EDTRoughly $750 billion. That’s how much Meta Platforms Inc., Amazon.com Inc., Microsoft Corp. and Google owner Alphabet Inc. are expected to devote to capital expenditures this year alone.That’s more than the entire gross domestic product of Ireland or Belgium. More than half of what all of the companies in the S&P 500 Index spent in total last year. Enough to cut a $5,500 check for every household in the US.There was a time when John McWilliams, part of the research...