Amazon, Google, Meta, Microsoft and Oracle together held, measured in H100-equivalents as of Q4 2025, an estimated 71% of the world's AI compute
Epoch AI estimated that five major hyperscalers (Amazon, Google, Meta, Microsoft and Oracle) together held 71% of the world's AI compute capacity. The capacity is measured in H100-equivalents as of the fourth quarter of 2025. Epoch bases its estimates on revenue data, other financial disclosures and analyst reports.
Verified 2026-08-04
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A handful of cloud giants own most AI computing power, so their spending plans steer the whole industry.
- Price
- $268.22
- 30D
- +4.67%
- AI share of revenue
- Not disclosed
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More on Compute
- Epoch AI tracks how much AI compute a dollar buys, measured in constant 2025 dollars across the chips companies actually purchased each quarter. Since 2023, AI chip price-performance has grown 49% a year, doubling every 1.7 years
- Amazon Web Services, the cloud unit that rents out computing power for AI, grew segment sales 39% year-over-year to $46.0 billion in the third quarter of 2026
- Applied Digital had signed long-term hyperscaler leases for 1,410 megawatts of AI data-centre capacity across five campuses as of May 31, 2026, worth approximately $36 billion in contracted revenue over the initial 15-year lease terms 1.41 gigawatts of AI data-centre capacity leased for $36 billion
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