AI capex beyond the hyperscalers

126 sourced readings on the AI money outside the big clouds. CoreWeave booked USD 14.5bn of capex in Q3 2026 and guides USD 37–39bn for the year. TSMC spent USD 13.8bn in the same quarter. Anthropic committed more than USD 100bn to AWS over ten years. Capex, commitments, guidance and budgets each carry their own label.

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Amounts in billions of the stated currency. Filter by value type and currency to compare like with like. A blank amount means the deal was announced in MW or GPUs.

CoreWeave 2025 Q3capex1.851—USDReported2025 Q3Deployed assets2026-11-11
CoreWeave 2025 Q4capex8.21—USDReported2025 Q4Deployed assets2026-11-11
CoreWeave 2026 Q3capex14.5111—USDReported2026 Q3Deployed assets2026-11-11
CoreWeave 2026 Q3 outlookguidance371391USDRangeCalendar 2026Annual capex forecast2026-11-11
Amazon summarycapex77.2591—USDReported2026 Q3Cash PPE2026-11-11
Alphabet summarycapex51.3551—USDReported2026 Q3Cash PPE2026-11-11
Microsoft summarycapex45.21—USDReportedFY2027 Q1With lease additions2026-11-11
Meta summarycapex34.911—USDReported2026 Q3With lease principal2026-11-11
Vultr Chennai expansioncommitment———PlannedInitial deployment announced October 2026Announced AI capacity deployment2026-11-11
TSMC 2026 Q1capex11.11—USDReported2026 Q1Consolidated capex2026-11-11
TSMC 2026 Q2capex15.71—USDReported2026 Q2Consolidated capex2026-11-11
TSMC 2026 Q3capex13.841—USDReported2026 Q3Consolidated capex2026-11-11
Micron 2026 annualcapex27.371—USDReportedFY2026 annualNet capital expenditures2026-11-11
Micron 2026 Q4capex10.771—USDReportedFY2026 Q4Net capital expenditures2026-11-11
Oracle summarycapex28.4991—USDReportedFY2027 Q1Cash PPE2026-11-11
Nebius 2025 Q2capex0.5111—USDReported2025 Q2PPE + intangibles2026-11-11
Nebius 2026 Q2capex5.6571—USDReported2026 Q2PPE + intangibles2026-11-11
CoreWeave 2025 Q1capex1.8571—USDReported2025 Q1Deployed assets2026-11-11
CoreWeave 2025 Q2capex2.9381—USDReported2025 Q2Deployed assets2026-11-11
CoreWeave 2026 Q1capex6.7871—USDReported2026 Q1Deployed assets2026-11-11
CoreWeave 2026 Q2capex9.3521—USDReported2026 Q2Deployed assets2026-11-11
Applied Digital FY2026 HPC capexcapex2.9891—USDReportedFY2026 ended May 31HPC hosting segment capex2026-11-11
Micron 2026 Q3capex7.11—USDReportedFY2026 Q3Net capital expenditures2026-11-11
Nebius 2025 Q1capex0.5441—USDReported2025 Q1PPE + intangibles2026-11-11
Nebius 2026 Q1capex2.4731—USDReported2026 Q1PPE + intangibles2026-11-11
Anthropic SpaceX Colossus agreementcommitment———More thanCapacity access announced May 2026Compute access agreement2026-11-11
United Kingdom AIRR expansionprogramme budget11—GBPMore thanExpansion through 2030AI Research Resource budget component2026-11-11
United Kingdom Compute roadmap envelopeprogramme budget21—GBPUp toThrough 2030Public compute ecosystem budget2026-11-11
United Kingdom Edinburgh supercomputerprogramme budget0.751—GBPUp toNew national supercomputer servicePublic compute budget component2026-11-11
Anthropic AWS 2026 expansioncommitment1001—USDMore thanTen-year agreementCloud purchase agreement2026-11-11
Micron 2026 Q2capex51—USDReportedFY2026 Q2Net capital expenditures2026-11-11
OpenAI AWS expansioncommitment1001—USDReportedEight-year expansion announced 2026Cloud purchase extension2026-11-11
Nebius 2025 Q4capex2.0561—USDReported2025 Q4PPE + intangibles2026-11-11
TSMC 2025 annualcapex40.91—USDReported2025Consolidated annual capex2026-11-11
TSMC 2025 Q1capex10.061—USDReported2025 Q1Consolidated capex2026-11-11
TSMC 2025 Q2capex9.631—USDReported2025 Q2Consolidated capex2026-11-11
TSMC 2025 Q3capex9.71—USDReported2025 Q3Consolidated capex2026-11-11
TSMC 2025 Q4capex11.511—USDReported2025 Q4Consolidated capex2026-11-11
TSMC 2026 January outlookguidance521561USDRange2026Annual capital budget forecast2026-11-11
xAI Southaven investmentcommitment201—USDMore thanProject announced January 2026Announced data center investment2026-11-11
Micron 2026 Q1capex4.51—USDReportedFY2026 Q1Net capital expenditures2026-11-11
Anthropic Azure computecommitment301—USDReportedMulti-year partnershipCloud purchase agreement2026-11-11
Anthropic Fluidstack infrastructurecommitment501—USDReportedInfrastructure announced 2025Data center investment commitment2026-11-11
Nebius 2025 Q3capex0.9561—USDReported2025 Q3PPE + intangibles2026-11-11
Nebius Meta contractcommitment31—USDApproximatelyFive-year agreementCustomer cloud purchase commitment2026-11-11
Deutsche Telekom Industrial AI cloudcommitment11—EURReportedBuildout announced November 2025Joint AI factory investment2026-11-11
IREN Dell equipmentcommitment5.81—USDApproximatelyFour deployment phases through 2026GPU equipment purchase agreement2026-11-11
IREN Microsoft contractcommitment9.71—USDApproximatelyFive-year agreementCustomer cloud purchase commitment2026-11-11
Lambda Microsoft compute agreementcommitment———Not quantifiedMulti-year contract announced 2025Customer cloud purchase commitment2026-11-11
OpenAI AWS initialcommitment381—USDReportedSeven years from November 2025Cloud purchase agreement2026-11-11
Cipher Barber Lake Fluidstackcommitment31—USDApproximatelyTen-year base termCustomer lease commitment2026-11-11
OpenAI CoreWeave May extensioncommitment41—USDUp toExpansion announced May 2025Cloud purchase extension2026-11-11
OpenAI CoreWeave September extensioncommitment6.51—USDUp toExpansion announced September 2025Cloud purchase extension2026-11-11
OpenAI Oracle partnershipcommitment3001—USDMore thanFive-year partnershipCloud infrastructure partnership2026-11-11
Micron 2025 annualcapex13.81—USDReportedFY2025 annualNet capital expenditures2026-11-11
Micron 2025 Q4capex4.931—USDReportedFY2025 Q4Net capital expenditures2026-11-11
OpenAI Stargate September pipelinecommitment4001—USDMore thanThree-year investment pipelineJoint infrastructure investment plan2026-11-11
CoreWeave UK expansioncommitment1.51—GBPReportedExpansion announced September 2025Regional infrastructure investment plan2026-11-11
Nebius Microsoft contractcommitment17.41—USDApproximatelyFive-year services through 2031Customer cloud purchase commitment2026-11-11
Applied Digital Polaris Forge 1 leasescommitment111—USDApproximatelyApproximately 15-year base termsCustomer lease commitments2026-11-11
IREN FY2024 cash investmentcapex0.481—USDReportedFY2024 ended June 30Cash PPE plus hardware prepayments2026-11-11
IREN FY2025 cash investmentcapex1.3731—USDReportedFY2025 ended June 30Cash PPE plus hardware prepayments2026-11-11
TeraWulf Fluidstack Lake Marinercommitment3.71—USDApproximatelyTen-year base leasesCustomer lease commitments2026-11-11
CoreWeave Pennsylvania investmentcommitment61—USDUp toIntent announced July 2025Data center equipment investment plan2026-11-11
Micron 2025 Q3capex2.661—USDReportedFY2025 Q3Net capital expenditures2026-11-11
Singtel FY2026 growth investmentguidance0.81—SGDReportedOutlook in FY2025 resultsData centers and adjacent growth capex guidance2026-11-11
United Arab Emirates Stargate UAEcommitment———PlannedFirst phase expected 2026Announced sovereign AI cluster2026-11-11
Crusoe Abilene expansioncommitment151—USDReportedExpanded development announced May 2025Joint venture development commitment2026-11-11
Saudi HUMAIN AMD infrastructurecommitment101—USDUp toFive-year collaborationJoint infrastructure investment plan2026-11-11
Saudi HUMAIN NVIDIA factoriescommitment———Up toProjected over five yearsAnnounced sovereign-backed AI capacity2026-11-11
Galaxy Helios CoreWeave leasecommitment4.51—USDApproximately15-year initial leaseCustomer lease commitment2026-11-11
Micron 2025 Q2capex3.091—USDReportedFY2025 Q2Net capital expenditures2026-11-11
OpenAI CoreWeave initialcommitment11.91—USDUp toMulti-year agreement announced March 2025Cloud purchase agreement2026-11-11
Nebius 2024 annualcapex0.8081—USDReported2024 annualReported capital expenditures2026-11-11
Nebius 2024 Q4capex0.4181—USDReported2024 Q4Reported capital expenditures2026-11-11
European Union AI gigafactoriesprogramme budget201—EURPlannedInvestAI facility announced 2025AI gigafactory funding facility2026-11-11
European Union InvestAI envelopeprogramme budget2001—EURTargetInitiative announced February 2025Investment mobilisation target2026-11-11
Fluidstack France supercomputer MoUcommitment101—EURPlannedMoU announced February 2025Project memorandum2026-11-11
Samsung 2024 annualcapex46,3001—KRWReported2024 annualDevice Solutions capex2026-11-11
OpenAI Stargate launchcommitment5001—USDIntendedFour-year announced planJoint infrastructure investment plan2026-11-11
TSMC 2024 annualcapex29.761—USDReported2024Consolidated annual capex2026-11-11
TSMC 2024 Q1capex5.771—USDReported2024 Q1Consolidated capex2026-11-11
TSMC 2024 Q2capex6.361—USDReported2024 Q2Consolidated capex2026-11-11
TSMC 2024 Q3capex6.41—USDReported2024 Q3Consolidated capex2026-11-11
TSMC 2024 Q4capex11.231—USDReported2024 Q4Consolidated capex2026-11-11
Nscale UK investment plancommitment21—GBPReportedThree years from January 2025Regional infrastructure investment plan2026-11-11
Micron 2025 Q1capex3.131—USDReportedFY2025 Q1Net capital expenditures2026-11-11
Canada AI data center supportprogramme budget0.71—CADUp toBudget 2024 strategyIndustry AI data center budget component2026-11-11
Canada Sovereign compute envelopeprogramme budget21—CADUp toBudget 2024 strategySovereign AI compute budget2026-11-11
Together AI Hypertec Blackwell clustercommitment———PlannedDeployment starting Q1 2025Announced GPU cluster buildout2026-11-11
Crusoe Abilene phase onecommitment3.41—USDReportedDevelopment announced October 2024Joint venture development commitment2026-11-11
Micron 2024 annualcapex8.121—USDReportedFY2024 annualNet capital expenditures2026-11-11
Micron 2024 Q4capex3.081—USDReportedFY2024 Q4Net capital expenditures2026-11-11
SoftBank Corp AI platform expansioncommitment1501—JPYApproximatelyFiscal years ending March 2025 and 2026AI infrastructure investment plan2026-11-11
Micron 2024 Q3capex2.061—USDReportedFY2024 Q3Net capital expenditures2026-11-11
Samsung 2024 Q1capex9,7001—KRWReported2024 Q1Device Solutions capex2026-11-11
SK hynix M15X plancommitment20,0001—KRWMore thanBuildout announced 2024Fab and equipment investment plan2026-11-11
SK hynix Yongin plancommitment120,0001—KRWApproximatelyMulti-year plan as disclosed 2024Semiconductor cluster investment plan2026-11-11
SK hynix Indiana packagingcommitment3.871—USDApproximatelyBuildout announced 2024Advanced packaging investment plan2026-11-11
Micron 2024 Q2capex1.251—USDReportedFY2024 Q2Net capital expenditures2026-11-11
India IndiaAI missionprogramme budget103.7191—INRApprovedFive-year mission approved 2024National AI mission budget2026-11-11
Samsung 2023 annualcapex48,4001—KRWReported2023 annualDevice Solutions capex2026-11-11
Samsung 2023 Q4capex14,9001—KRWReported2023 Q4Device Solutions capex2026-11-11
TSMC 2023 annualcapex30.451—USDReported2023 annualConsolidated capex2026-11-11
TSMC 2023 Q1capex9.941—USDReported2023 Q1Consolidated capex2026-11-11
TSMC 2023 Q2capex8.171—USDReported2023 Q2Consolidated capex2026-11-11
TSMC 2023 Q3capex7.11—USDReported2023 Q3Consolidated capex2026-11-11
TSMC 2023 Q4capex5.241—USDReported2023 Q4Consolidated capex2026-11-11
Micron 2024 Q1capex1.731—USDReportedFY2024 Q1Net capital expenditures2026-11-11
United Kingdom AIRR initial envelopeprogramme budget0.31—GBPReportedAnnouncement November 2023Public AI compute budget2026-11-11
United Kingdom Isambard AI allocationprogramme budget0.2251—GBPReportedAnnouncement November 2023Public AI supercomputer budget component2026-11-11
Micron 2023 annualcapex7.011—USDReportedFY2023 annualNet capital expenditures2026-11-11
Micron 2023 Q4capex1.011—USDReportedFY2023 Q4Net capital expenditures2026-11-11
SoftBank Corp AI platform 2023 plancommitment201—JPYApproximatelyPlatform launch planned autumn 2023AI infrastructure investment plan2026-11-11
Micron 2023 Q3capex1.381—USDReportedFY2023 Q3Net capital expenditures2026-11-11
Samsung 2023 Q1capex9,8001—KRWReported2023 Q1Device Solutions capex2026-11-11
Micron 2023 Q2capex2.161—USDReportedFY2023 Q2Net capital expenditures2026-11-11
Micron 2023 Q1capex2.471—USDReportedFY2023 Q1Net capital expenditures2026-11-11
Applied Digital FY2024 HPC capexcapex0.2071—USDReportedFY2024 ended May 31HPC hosting segment capex2026-11-11
Applied Digital FY2025 HPC capexcapex0.9771—USDReportedFY2025 ended May 31HPC hosting segment capex2026-11-11
European Union AI factories first cohortprogramme budget1.51—EURPlannedFirst cohort starting 2025AI factory funding allocation2026-11-11
Japan AI semiconductor frameworkprogramme budget10,0001—JPYMore thanPublic support through FY2030AI and semiconductor public support2026-11-11
NTT DATA Global data center plancommitment101—USDMore thanDevelopment through FY2027Data center growth investment plan2026-11-11
Saudi HUMAIN AWS AI zonecommitment51—USDMore thanPartnership announced May 2025Joint AI investment plan2026-11-11
South Korea AI 2025 budgetprogramme budget3,0001—KRWReported2025National AI budget2026-11-11
South Korea AI 2026 budgetprogramme budget9,9001—KRWReported2026National AI budget2026-11-11

Follow the wider AI capital ecosystem

All views
  • Neocloud AI infrastructure spending

    CoreWeave, Nebius, IREN, Applied Digital, Crusoe and more: quarterly capex from filings, GPU equipment orders and the customer contracts that fund them.

    38 readings

  • AI lab compute purchase commitments

    OpenAI, Anthropic and xAI compute deals: AWS, Azure, Oracle and CoreWeave contracts, Stargate plans and data center pledges, each with its source.

    13 readings

  • Sovereign AI programmes and budgets

    National AI money from the EU, UK, India, Japan, Korea, Canada, Saudi Arabia and the UAE: budget envelopes, gigafactory funds and sovereign compute deals.

    18 readings

  • Chipmaker AI capacity capital spending

    TSMC, Micron, Samsung and SK hynix capex by quarter and year, in native currency, plus fab plans and forecast ranges. The capacity behind every AI cluster.

    47 readings

  • Telecom AI infrastructure investments

    Deutsche Telekom, SoftBank Corp, NTT DATA and Singtel AI factory and data center investment plans and guidance, each linked to the original disclosure.

    5 readings

  • Hyperscaler capital spending summaries

    Latest quarterly capex for Microsoft, Alphabet, Amazon, Meta and Oracle, with each summary linked to its full quarterly series at hyperscalerscapex.com.

    5 readings

Follow the capital. Read the footnotes.

Methodology

The ledger brings filings, official announcements, public budgets and investor presentations into one set of fields. Every figure links to a source. The disclosure date stays separate from the investment horizon and the date we checked the source.

Reported capex, customer commitments, future guidance and programme budgets measure different things. Chipmakers and diversified operators fund activity beyond AI. Definitions and overlap notes travel with the data in JSON and CSV.

Questions about AI capex

What counts as AI capex here?

Capex is what a company reports spending on property and equipment, on its own accounting basis: CoreWeave’s deployed assets, TSMC’s consolidated capex, Micron’s net capex. Each reading names that basis. Chipmaker figures are whole-company spend, the cleanest public read on AI chip capacity.

Are OpenAI and Anthropic cloud contracts capex?

They are commitments, and the ledger labels them that way. OpenAI’s USD 38bn and USD 100bn AWS deals and Anthropic’s USD 30bn Azure deal are future cloud spend. They show where the capex lands: in the supplier’s data centers.

Can I add the rows into one global AI spending total?

Add within one value type, one currency and one period. Across them the rows overlap: annual totals contain quarters, budgets contain their components, and a lab’s cloud contract pays for racks a neocloud reports as capex. Filter by value type and currency first, then total.

Where are the hyperscaler quarterly histories?

At hyperscalerscapex.com. Microsoft, Alphabet, Amazon, Meta and Oracle each have one summary row here that links to the full quarterly series. This ledger covers the rest of the AI capital stack: specialist clouds, labs, sovereign programmes, chipmakers and telcos.

Why do some amounts say not disclosed?

Some deals are announced in megawatts or GPUs with no dollar figure. Anthropic’s Colossus 1 agreement is more than 300MW and over 220,000 GPUs; Stargate UAE is a 1GW cluster. The ledger records the capacity as disclosed and leaves the amount blank.

How do I cite or reuse a reading?

Use its permanent detail page and the original source. CSV and JSON exports retain value types, currencies, notes and provenance. The methodology explains accounting differences, overlapping announcements and historical forecast vintages.