The global race to build the infrastructure needed for artificial intelligence is accelerating fast. Google, part of Alphabet, announced a 40 billion dollar investment to build three new data centers in Texas over the next two years. The move reflects a broader trend across the tech sector, as companies rapidly scale up computing and energy capacity to power the next wave of AI services.

Below is an overview of the most significant multi-billion dollar deals shaping the AI, cloud and semiconductor landscape.

Nvidia-backed group and Aligned Data Centers
An investor consortium that includes BlackRock, Microsoft and Nvidia is acquiring Aligned Data Centers in a 40 billion dollar deal. Aligned operates nearly 80 data centers worldwide.

Google and Texas
Google confirmed a 40 billion dollar investment to build three data centers in Texas by 2027. One facility will be in Armstrong County and two in Haskell County. The company is also expanding its Midlothian campus and Dallas cloud region, part of its global network of 42 cloud regions.

Broadcom and OpenAI
OpenAI partnered with Broadcom to manufacture its first custom AI processors. The collaboration aims to boost the computing power available for OpenAI’s rapidly growing suite of services.

AMD and OpenAI
AMD signed a multi-year agreement to supply AI chips to OpenAI. The deal gives OpenAI the option to acquire up to about ten percent of AMD.

Nvidia and OpenAI
Nvidia plans to invest up to 100 billion dollars in OpenAI and supply data center chips. The agreement gives Nvidia a financial stake in OpenAI, which is already one of its most important customers.

Meta and CoreWeave
CoreWeave reached a 14 billion dollar deal with Meta to provide computing power to the parent company of Facebook.

Nvidia and Intel
Nvidia will invest 5 billion dollars in Intel, acquiring roughly four percent of the company after new shares are issued.

Oracle and Meta
Oracle is negotiating a multi-year cloud computing agreement with Meta valued at about 20 billion dollars. The deal would help Meta secure faster access to compute resources.

Oracle and OpenAI
Oracle reportedly signed one of the largest cloud contracts in history with OpenAI. Under this agreement, OpenAI is expected to purchase about 300 billion dollars worth of computing power over five years.

CoreWeave and Nvidia
CoreWeave signed an initial 6.3 billion dollar order with Nvidia. The agreement ensures that any unused capacity in CoreWeave’s cloud will be purchased by Nvidia.

Nebius Group and Microsoft
Nebius Group will supply GPU infrastructure to Microsoft in a 17.4 billion dollar deal covering five years.

Meta and Google
Google finalized a six-year cloud computing deal with Meta worth more than 10 billion dollars.

Intel and SoftBank Group
Intel received a 2 billion dollar capital investment from SoftBank Group, making the Japanese conglomerate one of Intel’s top ten shareholders.

Tesla and Samsung
Tesla agreed to a 16.5 billion dollar deal to source chips from Samsung Electronics. Elon Musk said Samsung’s new Texas chip factory will produce Tesla’s next-generation AI6 chip.

Meta and Scale AI
Meta acquired a 49 percent stake in Scale AI for about 14.3 billion dollars. Scale AI’s CEO, Alexandr Wang, will take on a significant role in Meta’s broader AI strategy.

Google and Windsurf
Google hired several senior engineers from AI code generation startup Windsurf and agreed to pay 2.4 billion dollars in licensing fees for access to parts of its technology under non-exclusive terms.

CoreWeave and OpenAI
CoreWeave signed an 11.9 billion dollar, five-year contract with OpenAI in March, prior to the Nvidia-backed startup’s IPO.

Stargate datacenter project
Stargate is a joint venture involving SoftBank, OpenAI and Oracle. The project was announced in January by President Donald Trump, who said the companies would invest up to 500 billion dollars to build next-generation AI data center infrastructure.

Amazon and Anthropic
Amazon doubled its support for Anthropic, investing an additional 4 billion dollars in the company behind the Claude AI model.

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