Billionaire entrepreneur Mark Cuban is defending Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) massive artificial intelligence capital expenditures, likening the tech giant's strategy to the 1998 internet boom where companies must "push in all their chips" to secure dominance.
Echoes of the 1998 Tech Boom Responding to an X user questioning if Alphabet's capital spending was simply "building future pickle ball courts," Cuban drew direct parallels to the late 90s.
"Kind of like 1998 and buying all the servers and bandwidth we could find," Cuban posted.
"We needed to have more than anyone else… And we did." Cuban argues the AI race requires similar aggression.
He emphasized that no company wants to achieve market dominance only to "run out of capacity." To prevent this bottleneck, tech giants must "push in all their chips and commit to building as much capacity as they can," he explained.
