Big Tech Keeps Spending on AI Data Centers Without Clear Returns
Four of the biggest companies in the AI race recently reported their quarterly results. The reports show that Big Tech is still spending record sums on building AI data centers. The payoff those projects were promised has not arrived yet, and the spending shows no sign of slowing down.
Quick glossaryBig Tech, earnings call, data center, buildout
- Big Tech
- A group of the largest and most powerful technology companies that dominate online services, software and hardware around the world.
- earnings call
- A scheduled meeting where a company's leaders explain its latest money results and future plans to investors and financial analysts.
- data center
- A large building full of powerful computers that store information and run online services, including AI systems.
- buildout
- The process of constructing and setting up new facilities or equipment until they are fully ready to be used.
Burning Potato score: 63%