UBS CEO Warns of an AI Buildout Slowdown as Data Center Construction Hits a Record
Spending on US data center construction has never been higher, but the boom may face a test in Washington. UBS CEO Sergio Ermotti said that the Democratic midterm sweep may slow the AI buildout. That spending reached a $96.5 billion annual pace, up 90% from a year earlier. Those figures measure work done on projects…
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Artificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceData centre
A facility that houses large numbers of servers and networking equipment to store and process data.
Data centres use large amounts of electricity and water, which makes their location a local and climate issue.
More about Data centreMore in AI
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