Reported 4 days ago
Joe Tsai, Chairman of Alibaba Group, has cautioned that a potential bubble may be forming in the construction of AI data centers, as many projects lack clear demand. At the HSBC Global Investment Summit in Hong Kong, he noted that significant investments by tech firms in server infrastructure might be outpacing the actual need for AI services. Tsai highlighted growing concerns over indiscriminate spending and the absence of real-world applications, warning that speculative projects could lead to an oversupply in the market.
Source: YAHOO