We all know that AI has become the buzzword amongst Silicon Valley giants. The world’s biggest tech companies are spending billions to power the AI revolution. However, some experts are saying that this rapid build-out might be heading towards a bubble.
If we go by the recent Bloomberg report, five major tech players, including Microsoft, Google, Amazon, Meta, and Nvidia, are expected to spend around $371 billion. This year, on data centers to train and deploy large AI models. McKinsey projects that the figure could jump $5.2 trillion by 2030.
