AI’s data-centre boom seeds a new finance frontier
TL;DR Summary
Five US tech giants are set to spend about $700 billion on data-centre capex to power AI, a figure larger than last year’s oil-and-gas investment, signaling the early onset of AI financialisation as investors back the infrastructure and anticipate a new wave of AI-linked securities, hedges and collateral.
- The financialisation of AI is just beginning The Economist
- Big Tech approaches ‘red flag’ moment: AI capex is so great hyperscalers could go cash flow negative, Evercore warns Fortune
- AI Boom Creates Blind Spot in Big Tech Accounting - Tech News Briefing - WSJ Podcasts The Wall Street Journal
- Big Tech’s AI spending spree: Why Sterlite Tech could be the hidden winner Mint
- The aftermath is spreading across the capital market and the real economy as U.S. big tech companies.. 매일경제
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