From Microsoft Corp to SoftBank Group Corp, tech firms on both sides of the Pacific are spending billions of dollars buying the Nvidia Corp and SK Hynix Inc chips crucial to AI development.
Alibaba Group Holding chairman Joe Tsai warned of a potential bubble forming in data centre construction, arguing that the pace of that buildout may outstrip initial demand for AI services.
A rush by big tech firms, investment funds and other entities to erect server bases from the US to Asia is starting to look indiscriminate, the billionaire executive and financier said. Many of those projects are built without clear customers in mind, Tsai told the HSBC Global Investment Summit in Hong Kong Tuesday.
