- The majority of internet traffic is routed through underwater fiber optic cables, rather than satellites, with the world's internet relying on this massive underwater network, which was historically built and owned by telecom companies such as AT&T and Vodafone 10s.
- In recent years, big tech companies including Google, Meta, Microsoft, and Amazon have taken control of approximately 71% of the global subsea cable capacity, with a significant portion of this control being on the critical route between the US and Europe, where they own around 90% of the capacity 42s.
- The hyperscalers, including Google, Meta, Microsoft, and Amazon, have such massive data demands due to AI and cloud computing that it is more cost-effective for them to lay their own hardware rather than renting space on existing telecom networks 1m6s.
- Google currently fully or partially owns around 33 underwater cables, while Meta is planning a $10 billion project to build a global underwater cable network that it will own outright, demonstrating the shift of these companies from being solely software platforms to physical landlords of the internet 2m6s.
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Why the Internet is Running Out of Ocean
Technology17 May 20261 min summaryFrom Slidebean
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