Meta, Microsoft lead $850 billion boom in data center leases (opens original article in a new tab)

Tech giants Meta and Microsoft significantly increased data center lease commitments, contributing to an $850 billion industry-wide total, driven by AI infrastructure investments.

• Meta and Microsoft committed $79 billion and $41 billion respectively to data center leases in the latest quarter.
• Industry-wide future data center lease commitments exceeded $850 billion, driven by tech giants' AI infrastructure investments.
• Leases include data centers, offices, and warehouses, with some clauses allowing companies to escape obligations under certain conditions.