Alibaba Head Warns AI Industry Is Showing Signs of Bubble
For years now, experts have warned of an AI bubble that's ready to burst. Companies continue to pour tens of billions of dollars into building out massive data centers to meet the demands of increasingly power-hungry AI models. And even tech executives are worried that the massive spending could collapse under its own weight. Sluggish demand could struggle to keep up with a rapidly rising supply side, a lopsided equation that has executives freaked out. Despite having committed to spend more than $52 billion on AI development over the next three years, Chinese tech giant Alibaba's chairman Joe Tsai is […]
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https://futurism.com/alibaba-ai-industry-signs-bubble