Alphabet locked in $811 billion of future spending on AI infrastructure. The number jumped $500 billion in one quarter.

Big Tech’s AI expenditures are soaring, with spending now rivaling the companies’ cash flows. OpenAI’s AI outlays have risen to roughly $750 billion, while Alphabet’s cash burn has surged as its AI infrastructure commitments jumped about $500 billion in a single quarter, locking in roughly $811 billion of future spending.

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