Lex in depth: Will the AI data centre boom become a $9tn bust?
The biggest groups splashing their cash may not make their money back, but will almost certainly live to tell the tale
The biggest groups splashing their cash may not make their money back, but will almost certainly live to tell the tale

With the data centre race in full swing, private capital is joining Big Tech in seeking to capture the rewards

How much AI is the market willing to finance?

Earnings hint at growth trajectory despite increases in capital spending

There are big differences in the level of risk and likely returns of Big Tech’s spending

Valuations may be spectacular and a bust could come — but while there’s exuberance there is no mania or irrationality

New state-backed body seeks AI breakthroughs in science, healthcare and transport