Meta, Amazon, Microsoft and Alphabet are expected to spend about $750 billion on capital expenditures this year alone, more than the GDP of Ireland or Belgium and over half of what all S&P 500 companies spent last year. The piece breaks down data-center costs, including steel, cement, chips, copper, land, engineering and power, all rising in price as demand outstrips supply. One key component is cited at $30,000, and each server houses 72 of them while drawing power comparable to several large flat-screen TVs. Building a chip plant takes about two years and multiple plants are needed to meet current demand, so the reporters argue cost pressure is unlikely to ease while demand stays at present levels.
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