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Google & Microsoft's $475B Capex Lock-In: Who Controls AI's Physical Layer
Audio is available on Spreaker — see link below.
Google and Microsoft have committed a combined $475B annually to AI infrastructure — and the gap to everyone else is widening fast. Plus: Gemini 4 Carbon tops benchmarks, AI agents enter live financial and security ops, and a $2.1B manufacturing capital wave.
Audio is available on Spreaker — see link below.
Four hundred and seventy-five billion dollars. That's the combined annual capex floor that Microsoft and Alphabet have now committed to AI infrastructure for the coming year.
The earnings context sharpens this. Microsoft's Azure grew forty-eight percent in its most recent quarter.
Against that backdrop, Google also released Gemini four Carbon, which now ranks first on the Artificial Analysis Intelligence Index, with an eighty-eight point two percent score on cybersecurity vulnerability detection. Pricing comes in at two dollars per million input tokens and ten dollars per million output tokens.
The specialized players are watching all of this and still moving forward. General Compute raised one hundred million dollars in San Francisco to build an inference cloud using alternative processors from Cerebras and SambaNova, targeting fifty-plus megawatts of capacity by the first quarter of twenty twenty-seven.
The more telling shift in today's briefing is what's happening one layer up from infrastructure. AI agents aren't in pilot programs anymore.
On the manufacturing side, Re:Build secured two point one billion dollars from General Catalyst and JPMorganChase to expand U.S. industrial capacity for aerospace, defense, and robotics. Combined with Fragment's fifty-six million dollar launch from stealth targeting procurement AI and Ultra's warehouse expansion, the domestic manufacturing capital wave is no longer a policy story.
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