The billion-dollar infrastructure deals powering the AI boom

The article highlights the massive investment and infrastructure buildup fueling the current AI boom, emphasizing the enormous computing power required to train and run AI models. Nvidia CEO Jensen Huang estimates that $3 to $4 trillion will be spent on AI infrastructure by 2030, with major tech companies like Microsoft, Meta, Oracle, Google, and OpenAI leading the charge. The piece details key deals, starting with Microsoft’s landmark $1 billion investment in OpenAI in 2019, which established Microsoft as OpenAI’s exclusive cloud provider and laid the groundwork for a partnership now valued at nearly $14 billion. Although OpenAI has recently diversified its cloud partnerships, this model of close collaboration between AI firms and cloud providers has become standard, with companies like Anthropic partnering with Amazon and Google Cloud acting as primary computing partners for other AI ventures. Oracle’s emergence as a major AI infrastructure player is underscored by its unprecedented deals with OpenAI, including a $30 billion cloud services contract revealed in mid-2025