India, Sept. 27 -- Big Tech is preparing to spend huge amounts on AI. Alphabet, Amazon, Meta, Microsoft and Oracle are expected to spend about $800 billion on capital expenditure this year. Capital expenditure, or capex, is money companies spend on things such as data centres, chips and other infrastructure.

The spending could rise even more next year. The same five Big Tech companies are expected to spend around $1.2 trillion next year, according to Goldman Sachs. Much of this spending is linked to the race to build AI infrastructure and expand computing capacity.

The massive AI bill is putting pressure on Big Tech's cash. As companies spend more of their own cash on AI infrastructure, they are increasingly looking for other ways to fi...