Product

Azure

2 articles First covered Apr 27, 2026, latest May 1, 2026

Aerial view of a Meta data center site used by Fortune for AI infrastructure spending coverage

Hyperscalers are on track to spend $700B on AI infrastructure in 2026

Big-tech AI capex is projected at $700B in 2026, up from $410B in 2025. Microsoft alone guided $190B. Wall Street is split: Meta got punished for the spend, Alphabet rallied.

Microsoft and OpenAI logos paired on a navy gradient backdrop.

AI·4 days ago

Microsoft and OpenAI just rewrote their deal. Exclusivity is dead, and so is the AGI clause.

Microsoft loses exclusive rights to OpenAI's models. The revenue share now caps at 2030 and stops depending on AGI. Here's what actually changed and who it benefits.