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Capital expenditure by the largest tech companies exceeded $400 billion in 2025, driven by investments in data centers. This spending is projected to rise by 75% in 2026. Additionally, global spending on AI now surpasses investment in oil and natural gas production.
This figure is expected to grow by 75% in 2026, according to the IEA.
The IEA also stated that current spending on artificial intelligence exceeds global investment in oil and natural gas production. This shift highlights changes in investment priorities between technology and traditional energy sectors.
center investments support expanding computational needs for AI and other technologies. The IEA's data indicates a trend where tech-related expenditures are outpacing those in fossil fuel extraction. Further details on exact figures or specific companies were not provided in the report.
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