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Aug 16 2026

The Journal counts $3 trillion of AI commitments held off Big Tech's balance sheets, five times the capex the same nine companies actually reported

MONEYINFRA
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Roughly $1.2 trillion in leases on facilities not yet operating plus $1.9 trillion in purchase commitments for chips, energy and equipment, disclosed in filing footnotes. Alphabet alone listed $811B in purchase and contractual commitments at June 30th; Meta had $347B of leases yet to commence.

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