07:20 AM EDT, 03/17/2025 (MT Newswires) -- Microsoft ( MSFT ) , Amazon.com ( AMZN ) , and Meta Platforms ( META ) are among the major technology companies expected to spend $371 billion on data centers and computing resources for artificial intelligence this year, up 44% year over year, Bloomberg News reported Monday, citing a Bloomberg Intelligence report.

The tally is likely to increase to $525 billion by 2032, rising at a faster rate than Bloomberg Intelligence projected before the recent success of Chinese AI startup DeepSeek, according to the report.

Microsoft ( MSFT ), Amazon ( AMZN ), and Meta did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)