Meta reports nearly $700 billion in future spending commitments for AI data centers and cloud computing

Meta has disclosed nearly $700 billion in future spending commitments, primarily for AI data centers and cloud computing. The company reported $349.3 billion in irrevocable contract commitments and $347 billion in lease commitments not yet on the balance sheet.

Meta Amazon/AWS

Inside China's All-Out Effort to Catch Up with US AI Chips

A Wall Street Journal report reveals China's determined push to develop its own AI chips amid US export controls. Chinese companies are stockpiling NVIDIA chips, copying designs, and boosting domestic production, but face significant technological hurdles.

Huawei NVIDIA