META'S $75B AI INFRASTRUCTURE BET: INSIDE THE BIGGEST CLOUD DEALS OF 2025

Summary from the TLDR newsletter

Meta is now spending more than a third of every dollar earned on AI infrastructure. The company announced $75.5 billion in infrastructure deals in just three months - more than most countries spend on their entire tech sector in a decade. It is betting that AI will improve ad targeting, improve new products, and create infrastructure business. However, if AI doesn't deliver proportional revenue growth, Meta is stuck with $600 billion in sunk costs, 16-year lease commitments, and massive depreciation expenses.