(Reuters) -Alphabet’s Google unit will invest $40 billion over the next two years to build three new data centers in Texas, joining peers aggressively spending to build infrastructure to support the surge in artificial intelligence applications.
The investments reflect how the global tech industry is rapidly scaling up its computing and energy capacity to power the next generation of AI tools and services.
Here is a list of multi-billion dollar AI, cloud and chip deals signed recently:
NVIDIA-BACKED GROUP AND ALIGNED DATA CENTERS
An investor group including BlackRock, Microsoft and Nvidia is buying U.S.-based Aligned Data Centers, one of the world’s biggest data center operators with nearly 80 facilities, in a deal worth $40 billion.
GOOGLE AND TEXAS
Google will invest $40 billion in three new data centers in Texas through 2027. One of the data centers will be in Armstrong County, in the Texas panhandle, and the other two in Haskell County, a stretch of West Texas near Abilene.
The company is also continuing to invest in its existing Midlothian campus and Dallas cloud region, part of the company’s global network of 42 cloud regions.
BROADCOM AND OPENAI
OpenAI has partnered with Broadcom to produce its first in-house artificial intelligence processors, the latest tie-up for the world’s most valuable startup for computing power amid surging demand for its services.
AMD AND OPENAI
AMD agreed to supply artificial intelligence chips to OpenAI in a multi-year deal that would also give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker.
NVIDIA AND OPENAI
Nvidia is set to invest up to $100 billion in OpenAI and supply it with data center chips, in a deal giving the chipmaker a financial stake in OpenAI. OpenAI is already an important customer for Nvidia.
META AND COREWEAVE
CoreWeave has signed a $14 billion agreement with Meta to supply computing power to the Facebook parent.
NVIDIA AND INTEL
Nvidia will invest $5 billion in Intel, giving it roughly 4% of the company after new shares are issued.
ORACLE AND META
Oracle is in talks with Meta for a multi-year cloud computing deal worth about $20 billion, underscoring the social media giant’s drive to secure faster access to computing power.
ORACLE AND OPENAI
Oracle is reported to have signed one of the biggest cloud deals ever with OpenAI, under which the ChatGPT maker is expected to buy $300 billion in computing power from the company for about five years.
COREWEAVE AND NVIDIA
CoreWeave signed a $6.3 billion initial order with backer Nvidia, a deal that guarantees that the AI chipmaker will purchase any cloud capacity not sold to customers.
