Alphabet (GOOG, GOOGL) expects to spend $75 billion in capital expenditures in 2025, adding to the billions of dollars Big Tech companies are investing in artificial intelligence (AI).
Blackstone’s (BX) vice chairman and CFO, Michael Chae, joins Julie Hyman and Josh Lipton on Asking for a Trend to discuss his expectations for AI infrastructure and Big Tech AI spending.
“The growth in data that is created and stored in the world has been about 100 [times] over 15 years,” Chae explains….
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https://finance.yahoo.com/video/ai-data-center-play-reinforced-230526183.html
