- AI infrastructure race drives cloud and data center competition
- The Bank for International Settlements warned of international recession risks driven by the current AI boom, involving major tech companies.
Tech giants reported blowout earnings, easing investor concerns, even as weak PMI and GDP readings signal a global economic slowdown.
1 report, 1 independent
Updated Jul 31
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What happened
Tech giants reported blowout earnings, easing investor concerns, even as weak PMI and GDP readings signal a global economic slowdown.
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The Bank for International Settlements warned of international recession risks driven by the current AI boom, involving major tech companies.Also in this story
- Major tech companies are financing massive data center buildouts amid global economic uncertainty and systemic risks.
- Aswath Damodaran warned about the financial risks associated with reckless lending practices directed toward AI infrastructure.
Within AI infrastructure race drives cloud and data center competition