17 articles tagged
Economist David McWilliams predicts the AI boom will 'undoubtedly crash,' comparing massive investments in quickly outdated GPU hardware to buying 'digital lettuce.'
Saudi Arabia has announced major partnerships with US tech firms, including xAI and AWS, to build massive AI data centers and position the Kingdom as a key global tech hub.
Tech giants are spending hundreds of billions on AI infrastructure, turning to complex debt instruments like mortgage-backed securities to fund the boom.
Bank of America has increased its annual strategic technology spending to $4 billion, a 44% rise over the past decade, focusing on large-scale AI projects.
Federal Reserve Chair Jerome Powell stated the current AI investment boom is not a repeat of the dot-com bubble, citing that AI companies have real earnings and profits.
Finnish telecom giant Nokia's shares soared over 14% after Nvidia announced a $1 billion strategic equity investment to collaborate on AI networking solutions.
U.S. tech companies are investing billions in AI, sparking concerns over job displacement and a widening economic gap. The intense race against China signals a new technological cold war.
Venture capital firm Andreessen Horowitz is reportedly aiming to raise approximately $10 billion for new funds, focusing on AI, defense tech, and growth-stage companies.
Predictions of AI-driven job loss are being challenged by data showing the technology's poor economic returns, high costs, and questionable sustainability.
Google plans a $10 billion investment to construct a major data center and artificial intelligence hub in Andhra Pradesh, India, to meet rising AI demand.
A new analysis indicates AI data centers face a shorter profitability runway than expected, with required revenue far exceeding current figures and industry experts baffled by financial models.
Fermi, an AI data center developer, saw its shares jump 55% on its IPO day, signaling strong Wall Street demand for AI-related stocks. The company plans a massive Texas data center but has no revenue
