AI capex commitments: the running tracker

This log tracks announced capital expenditures, data center buildouts, and compute supply contracts for institutional research. Commitments reflect structural infrastructure expansion, led by Meta expanding its Louisiana project to $50B alongside industry lease commitments exceeding $850B.

Coverage

Independent Research

Prepared by

Octans Research

As of

2026-07-30

• Amazon faces a $150B AI capex surge while holding $84B in cash reserves. The company may issue corporate debt to fund rising data center commitments.
• Tech sector infrastructure commitments reach $700B according to Nvidia leadership. The spending covers expanding artificial intelligence hardware deployments.
• Disclosures reveal a $725B AI capex total alongside Q1 GDP growth of 2.0%. The figures emerged during earnings releases from four mega cap companies.
• Magnificent Seven companies commit $710B to AI capex while Apple reports $111.2B in revenue with a $100B buyback. The spending marks expanded capital allocations across major tech firms.
• Magnificent Seven firms plan $680B in AI capex with spending expanding 70% in 2026. Capital plans target artificial intelligence infrastructure capacity.
• Big five hyperscalers schedule $720B in total AI infrastructure spending. Two operators spend on growth while three allocate funds to maintenance.
• Amazon commits to a $125B AI investment budget. The strategy differs from capital allocation approaches at competing platforms.
• Thailand approves a $29B investment wave targeting data center demand. Government authorization supports expanding regional compute capacity.
• Google commits $15B toward a new Missouri data center campus. The buildout links computing facilities to power grid development.
• OpenAI and NextDC plan a $4.6B data center project in Sydney. NextDC stock rose as much as 11% following the partnership announcement.
• Meta increases investment in its El Paso Texas data center to $10B from $1.5B. The budget expansion represents a sixfold increase in funding.
• Oracle completes $16B in financing for a data center campus in Michigan. The debt package closed following extended negotiations with institutional investors.
• Meta pledges C$13B to construct an Alberta data center. The Canadian site represents the company's 33rd data center globally.
• Syndicate banks market $3B in debt for Meta's Prometheus data center. Lenders including Natixis and MUFG lead the debt distribution.
• BlackRock executes a $40B investment in a private data center firm. The deal expands the firm's unlisted infrastructure portfolio.
• Meta receives $3.3B in tax breaks for a Louisiana data center. Public subsidies offset infrastructure execution costs for the facility.
• Hut 8 executes a $9.8B AI data center lease agreement in Texas. The contract guarantees facility access for high density compute workloads.

This tracker captures announced headline values rather than immediate cash outlays, led by the largest entry, a $5.3T multiyear projection. Component agreements often stretch across extended delivery timelines.

Prysmian signed a €5.5B fiber optic cable contract that spans ten years. State level public subsidies also offset corporate commitments, with states awarding more than $5.6B annually to developers.

Per the Octans Research market feed, this log aggregates 30 deals across 10 publishers.