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Alibaba's Tsai Warns of 'Bubble' in AI Data Center Buildout

Published by Slashdot on Tue, 25 Mar 2025


Alibaba Chairman Joe Tsai has warned of a potential bubble forming in data center construction, arguing that the pace of that buildout may outstrip initial demand for AI services. From a report: A rush by big tech firms, investment funds and other entities to erect server bases from the US to Asia is starting to look indiscriminate, the billionaire executive and financier said. Many of those projects are built without clear customers in mind, Tsai told the HSBC Global Investment Summit in Hong Kong Tuesday. "I start to see the beginning of some kind of bubble," Tsai told delegates. Some of the envisioned projects commenced raising funds without having secured "uptake" agreements, he added. "I start to get worried when people are building data centers on spec. There are a number of people coming up, funds coming out, to raise billions or millions of capital." [...] At the same time, Tsai had choice words for his US rivals, particularly with their spending. "I'm still astounded by the type of numbers that's being thrown around in the United States about investing into AI," Tsai told the audience. "People are talking, literally talking about $500 billion, several 100 billion dollars. I don't think that's entirely necessary. I think in a way, people are investing ahead of the demand that they're seeing today, but they are projecting much bigger demand."Read more of this story at Slashdot.
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