This chart is INSANE!
Amazon Web Services (AWS) spent 49% of its revenue on CapEx in 2024.
Almost half of every dollar went straight into AI infrastructure training.
All-in!
That’s nearly 2x more than what it spent back in 2013, when it was building its infrastructure from scratch. 🤯
Meanwhile, Big Tech as a whole has poured 12% of its total revenue into AI-related CapEx this year alone.
So either:
• We're living through the biggest bubble in tech history
• Or this is just the appetiser
I’m betting on the latter!
