Hyperscalers are committing unprecedented capital to compute, power and real estate for the next decade of AI.
The global AI infrastructure race has entered a new phase — defined by scale, sovereign priorities, and a relentless demand for compute. In Q1 2025, hyperscalers announced over $120B in planned spend across data centers, power, chips and network infrastructure.
This isn't just about building bigger data centers. It's about control of the full stack — silicon, energy, real estate, and increasingly, talent and regulation.