Thursday, 25 June, 2026
The $850 Billion Land Grab for AI Power
By TechShots Studio
Tech giants are locking in an unprecedented $850 billion in future data center leases to fuel the AI arms race. Meta led the charge by adding $79 billion in new obligations last quarter, a 76% surge. Runner-up Microsoft added $41 billion as it fights capacity constraints. Paid out over two decades, this massive wave of spending guarantees a prolonged, highly lucrative boom for semiconductor and energy providers.
Read full story at CIO ECONOMIC TIMES