Alphabet’s Google to invest $40 billion in three new data centers in Texas to support AI applications, part of tech industry’s global expansion in computing and energy capacity for next-gen tools. Recent multi-billion dollar AI, cloud, and chip deals include Nvidia-backed group buying U.S.-based Aligned Data Centers for $40 billion.

Google’s investments in Texas include data centers in Armstrong County and Haskell County, part of the company’s ongoing global network expansion. Other recent deals in the AI and chip industry involve partnerships between companies like Broadcom and OpenAI, AMD and OpenAI, and Nvidia and OpenAI, with investments reaching up to $100 billion.

Meta Platforms signs a six-year cloud computing deal with Google worth over $10 billion, while Oracle negotiates a $20 billion multi-year cloud computing deal with Meta. OpenAI also secures significant cloud deals, including one with Oracle for $300 billion in computing power over five years and another with CoreWeave for $11.9 billion over five years.

Tesla agrees to a $16.5 billion deal with Samsung Electronics for chips, with Elon Musk noting the importance of Samsung’s new chip factory in Texas for Tesla’s AI6 chip. Meanwhile, Intel receives a $2 billion capital injection from SoftBank Group, solidifying SoftBank as one of Intel’s top-10 shareholders.

Amazon invests $4 billion in OpenAI competitor Anthropic, while Google acquires key staff from AI code generation startup Windsurf and agrees to pay $2.4 billion in license fees for technology use. The Stargate Datacenter Project, a joint venture involving SoftBank, OpenAI, and Oracle, aims to invest up to $500 billion in AI infrastructure.

Read more at Yahoo Finance: Factbox-From OpenAI to Google, firms channel billions into AI infrastructure as demand booms