ANKARA

Leading US tech companies are significantly increasing their investments in artificial intelligence, aiming to capitalize on the AI boom that has driven stock markets to new heights, media reports said on Thursday.

Meta, the parent company of Facebook and Instagram, said its capital expenditures for 2025 are projected to be between $70 billion and $72 billion, up from a previous estimate of $66 billion to $72 billion, according to the BBC.

Company CEO Mark Zuckerberg said AI is creating “big opportunities,” noting that the right approach is to “accelerate this.”

He added: “We are sort of perennially operating the family of apps and ads business in a compute-starved state at this point.”

Google’s parent firm, Alphabet, also raised its 2025 capital expenditure forecast to between $91 billion and $93 billion, a nearly twofold increase from 2024.

Microsoft reported $34.9 billion in capital expenditures for the quarter ending September 30, up from $24 billion in the previous quarter.

CEO Satya Nadella said the company continues to increase investments “in AI across both capital and talent,” adding that Azure and other AI products are showing “real-world impact.”

Meta reported higher quarterly revenue, but profits fell 83% year-on-year to $2.7 billion due to a one-time income tax charge.

Microsoft’s profits rose 12% to $27.7 billion, and Alphabet reported a 33% increase in profits, reaching approximately $35 billion.

Analysts say the sector’s AI investments are now a key pillar supporting US economic growth.

“To the extent that the latter remains strong, it’s a bullish signal for GDP growth,” said Aditya Bhave of Bank of America.