By Bloomberg
Publication Date: 2025-12-17 16:43:00
(Bloomberg/Brody Ford and Rose Henderson) – Cloud computing companies including Oracle Corp., Microsoft Corp. and Meta Platforms Inc. have committed to spending a combined $500 billion on data center leases in the coming years, an astronomical sum that underscores the industry’s bet on artificial intelligence.
Those commitments have risen steadily in recent quarters as tech giants have struck deals to lease server farms, according to a Bloomberg analysis of quarterly filings.
Future costs in addition to active leases will not appear on companies’ balance sheets until they begin making payments. Generally they are tied to data centers, but can also include facilities such as offices or warehouses. Some leases also contain clauses that allow companies to avoid future obligations under certain conditions.
Oracle allocated most of its money to data center leases, valuing it at around $150 billion in the three months through November alone.
