Tarek Robbiati, CFO of data storage company Everpure, said that the increased capex spend on AI is ‘not temporary’ even if the industry supply and demand equation rebalances and more AI capacity becomes available. Robbiati said that while the AI market is expected to revert to a mean, it will not happen quickly and it may not go back to the same level. (Source: Bloomberg)
Trending
- Interstellar comet may be oldest object seen in our solar system, scientists say | Comets
- Man City close in on £17m deal for Maresca as Guardiola successor
- Amid growing demand for cosmetic procedures, CGE Healthcare berths in Lagos
- The best LED face masks in the UK, tested: 11 light therapy devices that are worth the hype | Skincare
- Zamfara govt inaugurates panel to probe suspended poly rector over alleged misconduct
- Keir Starmer has quit as prime minister – what will happen next in UK politics? | Politics
- Angel investors push cross-border partnerships to take Nigerian startups global
- Anthropic says Claude may want to see your ID
High AI Spending is 'Not Temporary' Says Everpure CFO Robbiati
