Microsoft Corp. and Meta Platforms Inc. each committed nearly $50 billion in additional data center leases in their most recent quarters, underscoring an escalating bet the tech industry is making …
Microsoft Corp. and Meta Platforms Inc. each committed nearly $50 billion in additional data center leases in their most recent quarters, underscoring an escalating bet the tech industry is making on artificial intelligence.
Those pledges helped push overall commitments to future data center leases above $700 billion among the largest cloud computing companies, a group that also includes Oracle Corp. and Amazon.com Inc. These obligations have steadily climbed over the last year as tech giants ink deals to rent server farms, according to a Bloomberg analysis of quarterly filings. The future costs, which come on top of active leases, won’t appear on companies’ balance sheets until they begin making payments on them. They’re generally tied to data centers but can also include facilities such as offices or warehouses. Some leases include clauses that allow companies to escape future obligations under certain conditions. Microsoft and Meta have each been vocal in recent months about getting more computing capacity to power the development of AI products. Microsoft carries about $155 billion in future lease commitments, while the latter company has $104 billion. The spending increase is particularly notable for Microsoft, which had taken a pause on its data center leasing activity through much of 2025. Now, a lack of server farm space has become a major concern for company executives and investors. In the quarter ending in December, Microsoft added over 1 gigawatt in data center capacity. That’s roughly equivalent to the power generated by a nuclear reactor.Silicon Valley self-driving startup Nuro begins testing in Tokyo Overall, Oracle has committed the most money to data center rentals. It’s on the hook for $261 billion in leases that have yet to begun, the company said in a filing Wednesday. Still, its new commitments in the most recent quarter were smaller than some peers, as it had already signed many of the large sites needed for a massive contract with OpenAI.Harriette Cole: Do I have to return the $200 to Target?Dear Abby: They leaked my big news. Was I wrong to cut them off?San Jose Unified recommends closing 5 elementary schoolsVideo: Fremont robbery crew cleans out $1.7 million in 70 seconds
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mark Zuckerberg Decides Meta Needs More Slop, Buys the Social Network for AI AgentsBecause Facbook and Instagram don't have enough bots, apparently.
Read more »
Mikie Sherrill touts New Jersey ‘affordability budget’ with $1.7 billion structural deficit in speechSherrill said over $700 million in new revenue would come “from closing corporate tax loopholes.'
Read more »
Seva Mining Corp. Completes Cameron Gold Project Acquisition and Resumes TradingSeva Mining Corp. has finalized the acquisition of the Cameron Gold Project and will resume trading on the TSXV under the ticker symbol SEVA. The company granted stock options to directors, officers, and consultants, with vesting over 18 months. FMGC received common shares in connection with the transaction, subject to an escrow agreement.
Read more »
What it's like in OpenAI and Meta's AI labs — and what I've learned.Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.
Read more »
Meta Hopes Mini Games Will Make You Forget Its Smart Glasses Are Recording You NakedGames are the last thing Meta's smart glasses need right now.
Read more »
Microsoft’s head of experiences and devices is retiring, triggering a shakeupMicrosoft’s Rajesh Jha is retiring after more than 35 years. His departure sees promotions for the heads of Office and Windows.
Read more »