Alphabet, Amazon, Meta And Microsoft Spend Big On An Uncertain Future

Technology is the least monopolized sector within the U.S. economy. Skeptical？ Consider that in 2025 alone, Meta plans to invest roughly $70 billion in AI initiatives. And Meta is parsimonious relative to Amazon, Alphabet and Microsoft. The other three intend to invest more.

Contemplate what you‘ve read so far while thinking about how Meta is presently tied up in court with the FTC over accusations that it secured for itself “monopoly” status with its purchase of Instagram in 2012 for $1 billion, and WhatsApp in 2014 for $19 billion. Alphabet’s Google finds itself in a lawsuit with the Department of Justice (DOJ) based on the latter‘s belief that Chrome has won Google an “unbreakable” monopoly in search. It’s useful to add that the same FTC attacking Meta is similarly pursuing antitrust charges against Amazon and Microsoft.

All of which rates a basic question: why would corporations said to have monopoly power be spending over $70 billion each this year alone to find the commercial future, let alone even $1 billion？ It‘s a question “Big Tech” critics would be wise to ask, but much more important, it’s a question that should be asked inside the antitrust divisions of the FTC and DOJ. All four of these corporations face expensive court battles over alleged monopoly practices that are explicitly belied by the enormous sums all four are risking on a commercial tomorrow that, as evidenced by the sums invested, no one is remotely certain of.

It‘s no insight to point out that if the future market position of Alphabet, Amazon, Meta and Microsoft were at all secured by their prominence in the present, then it’s safe to say they wouldn‘t be spending so much on an AI future that’s plainly unknown. Yet they do anyway. Which is the point.

While the enormous sums presently being put to work by “Big Tech” dont ensure future relevance (the proverbial Silicon Valley graveyard is dense with once great corporations), they and their shareholders are fully aware that the idle alternative is much more perilous. Which means the giants of technology are presently immersed in a multi-billion-dollar betting equivalent of picking not the winner of Super Bowl LIX, but the winner of .

They literally have no choice. While they‘re all spending well into the eleven figures for clarity about what’s ahead, similarly enormous amounts are being put to work by venture capitalists the world over not because they all think “Big Tech” is correct about tomorrow, but exactly because they dont think so.

These truths call yet again for more questions inside the FTC and DOJ. More humility too. And perhaps implied recognition that as opposed to fostering more competition in the technology space, theyre forcing certain companies in the present to compete for the future with leg and arm weights on.

There‘s no need. No sector is more competitive than the technology sector. The previous truth can be found in the actions of the technology companies accused of being monopolies by the DOJ and FTC, but whose every action signals they’re anything but.