Meta to double AI spend to $135B as deals with OpenAI, Nvidia and Amazon near $200B

A report says money approaching a total of $200 billion is being pumped into AI, with Meta, OpenAI, Nvidia, Microsoft and Amazon all linked to major deals — and Meta planning to double its AI spending this year to $135 billion.

The article highlights the $135 billion figure as extraordinary, noting it is a speculative outlay on an area that “isn’t proving lucrative” yet for most participants aside from firms selling the infrastructure and tools.

OpenAI is reportedly tied to about $60 billion in funding. Much of that spend is likely to flow to Nvidia GPUs, and the coverage says talks could involve expanding OpenAI’s cloud-server rental deal with Amazon and enterprise ChatGPT sales back to Amazon — potentially running on Amazon servers that contain Nvidia hardware.

Notably absent from this roll call is Google, which the piece describes as a separate AI empire. The article also says Google may be collaborating with Apple, and Apple is rumoured to have struck a deal to boost Siri with Google’s AI.

It remains unclear that anyone currently expects to make real money at scale from AI services; the article suggests we may have to wait longer to see someone actually turn substantial profit, or for the whole spending cycle to stall.

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