Venture capitalist Paul Kedrosky reveals staggering AI infrastructure projections, with Big Tech's capital expenditure set to quadruple in just two years. Meanwhile, Nvidia is launching a $500 billion financing platform with Wall Street giants to fund the build-out.
The tape Big Technology Podcast · Aug 12
“So we're looking this year, it's looking like big tech alone will put something like 700 billion in towards CapEx this year. I think last year was something like 350 to 400 billion and next year is projected to be 1.5 trillion.”
The OpenAI rival is meeting with investors for a potential public offering as soon as September, aiming for a record-breaking debut while addressing concerns over public backlash and competition.
Google's new smartphone lineup starts at $899 with a $100 price bump across the board, ditching low-end storage while packing in the new Tensor G6 chip and a suite of Gemini-powered AI features.