💰 Wall Street's Elites Are Piling Into a Massive AI Gamble
Bloomberg reports that finance’s biggest names are ready to gatecrash the artificial-intelligence party.
📊Analysis by Bloomberg News estimates at least $1 trillion of spending is needed for the data centers, electricity supplies and communications networks that will power the attempt to deliver on AI’s promise to transform everything from medicine to customer service. Others reckon the total cost could be double that.
📊Even Wall Street skeptics on AI’s ultimate money-making potential have said it’s worth staying invested in those who provide the plumbing. One rival banker admits his firm is juggling so many data-center deals that it doesn’t have enough staff to cope with the workload.
📉Building a single location with one gigawatt of power — something that’s been much discussed but doesn’t yet exist — will set you back about $12 billion. Giving a sense of the possible spending needed, Sam Altman, owner of OpenAI, has pitched the idea of five-gigawatt centers. That could require millions of square feet of space and suck up enough energy to power many US cities.
Read full:
en review.uz/en/muh
ru review.uz/muh
More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
telegram | facebook | twitter|linkedin
Bloomberg reports that finance’s biggest names are ready to gatecrash the artificial-intelligence party.
📊Analysis by Bloomberg News estimates at least $1 trillion of spending is needed for the data centers, electricity supplies and communications networks that will power the attempt to deliver on AI’s promise to transform everything from medicine to customer service. Others reckon the total cost could be double that.
📊Even Wall Street skeptics on AI’s ultimate money-making potential have said it’s worth staying invested in those who provide the plumbing. One rival banker admits his firm is juggling so many data-center deals that it doesn’t have enough staff to cope with the workload.
📉Building a single location with one gigawatt of power — something that’s been much discussed but doesn’t yet exist — will set you back about $12 billion. Giving a sense of the possible spending needed, Sam Altman, owner of OpenAI, has pitched the idea of five-gigawatt centers. That could require millions of square feet of space and suck up enough energy to power many US cities.
Read full:
en review.uz/en/muh
ru review.uz/muh
More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
telegram | facebook | twitter|linkedin