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The Bill for Not Falling Behind: The Capital Half-Life of AI Hardware

Prefer reading in Arabic? Read the Arabic version on Substack Every quarter, the big technology companies tell us how much they spent.

  • Amazon increased server useful life from 5 to 6 years in 2025
  • AI infrastructure expansion led to $66.1B property and equipment purchases
  • Microsoft allocated $91.1B of capital expenditure to short-lived assets

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