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The billions behind powering AI: A look back at 2025

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Artificial intelligence is only as strong as the infrastructure behind it. In 2025, The Information took readers inside the global race to power AI, from the custom chips driving the next generation of models to the data centers consuming entire gigawatts of energy.

Our reporters revealed how leading companies are investing, building, and competing to control the infrastructure behind AI, and what it means for the industry's future.

This look back at 2025 revealed the groundwork for AI's next decade of growth. The race isn't slowing down. Subscribe today for $299 and save 25% on the first year to stay ahead of what's next in 2026.

The Data Center Buildout

Data centers became the backbone of AI expansion in 2025, as Nvidia, Oracle, Meta and OpenAI poured billions into the facilities fueling the next wave of model training.

Jan Pressure Rises on Oracle to Finish OpenAI Data Center
April Meta Discusses AI Data Center Project That Could Cost $200 Billion
OpenAI, SoftBank Each Commit $19 Billion to Stargate Data Center Venture
August OpenAI's $350 Billion Computing Cost Problem

The Chip Competition

From Nvidia's supply challenges to OpenAI's chip partnership and China's push for domestic semiconductors, 2025's hardware battles defined who could stay ahead in the AI race and who could afford to.

January Nvidia's Top Customers Face Delays From Glitchy AI Chip Racks
May OpenAI Is Working With SoftBank's Arm on AI Chip Effort
October Alibaba and Baidu Adopt Their Own AI Chips in Major Shift for Chinese Tech
November Google Further Encroaches on Nvidia's Turf With New AI Chip Push

From the technical rise of AI agents to the hard math behind their costs, The Information uncovered the critical developments that defined 2025. Subscribe to The Information Annual for $399 $299 and save 25% on the first year.

The Information Pro helps explain the real cost of powering AI, using features like our AI Chip Database to track chip supply, data center growth and compute needs. The IPO Tracker follows more than 50 companies nearing the public markets and The Information 50 spotlights the most promising startups before they break out. Subscribe for $749 and save 25% on the first year.

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