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The AI spending frenzy is just getting started
A new game of ‘my data center is bigger than yours’ started this week with the announcement of OpenAI’s Project Stargate.
In a Friday post on his Facebook page, Zuckerberg said that Meta’s planned 2GW data center in Louisiana “is so large it would cover a significant part of Manhattan,” with a map view of the square footage overlaid on the city to send the point home. Look no farther than the comments the president made at the World Economic Forum this week, where he trashed the EU’s Digital Markets and Services Acts as a form of “taxation.” This kind of push back is exactly what Meta and other US companies have been praying for. More headlines: OpenAI released its AI agent called “Operator” for pro-tier subscribers… Musk told X employees that “user growth is stagnant, revenue is unimpressive, and we’re barely breaking even”.... Apple reorged again as it plays catch-up in AI … Google is putting another $1 billion into Google Cloud via Anthropic and acquired part of HTC’s Vive team to beef up its Android XR efforts(yes, get ready for the return of Glass)… Epic Games gave an update on its push to compete with Roblox… Meta made a rare investment in Databricks.
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