Cloud computing companies, including Oracle, Microsoft, and Meta, have pledged to invest a total of $500 billion in data center leases over the next few years. This astronomical figure highlights that the tech industry is betting on the future of artificial intelligence. Oracle ranks first in terms of investment in data center leasing. In the three months ending November, the company signed new lease agreements worth approximately $150 billion, bringing its total cumulative lease commitments to $248 billion. Currently, Oracle is advancing an unprecedented data center expansion plan to provide computing power support for the training and deployment of OpenAI's latest models.

Cloud computing companies, including Oracle, Microsoft, and Meta, have pledged to invest a total of $500 billion in data center leases over the next few years. This astronomical figure highlights that the tech industry is betting on the future of artificial intelligence. Oracle ranks first in terms of investment in data center leasing. In the three months ending November, the company signed new lease agreements worth approximately $150 billion, bringing its total cumulative lease commitments to $248 billion. Currently, Oracle is advancing an unprecedented data center expansion plan to provide computing power support for the training and deployment of OpenAI's latest models.