TechCheck AI Capex Concerns & Big Tech 3/30/26
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Mar 30, 2026 MacKenzie Sigalos, CNBC reporter tracking Big Tech AI spending and data-center deals. She breaks down huge data center financing by Microsoft, Alphabet and Meta. Short takes on Alphabet lending to Anthropic, Meta funding power for Hyperion, and how gas prices and rising CapEx worry investors.
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Hyperscalers Are Financing Frontier AI Buildouts
- Big tech is absorbing data center projects that frontier AI firms like OpenAI and Anthropic cannot finance on their own.
- Microsoft, Alphabet and Meta are stepping in with leased sites, construction loans and funded power plants to enable large-scale model buildouts.
Abilene Campus Swap Shows Microsoft OpenAI Drift
- Microsoft took over a Texas data center campus originally reserved for Oracle and OpenAI after financing talks collapsed.
- That move illustrates Microsoft and OpenAI drifting apart, even ending up with rival data centers next door.
Google Lending Credit To Anthropic To Close Deals
- Alphabet is reportedly providing construction loans so Anthropic can complete a multibillion-dollar Texas data center lease.
- Anthropic signed the lease but relied on Google's credit rating to secure financing at reasonable cost.