Alibaba Group Holding Ltd. Chairman Joe Tsai has cautioned about a possible bubble forming in the construction of data centers. He argues that the speed of this expansion might exceed the initial demand for AI services. A surge by major tech companies, investment funds, and other entities to establish server bases from the US to Asia is beginning to appear indiscriminate. According to Tsai, many of these projects are being built without clear customers in mind. This warning was shared during the HSBC Global Investment Summit in Hong Kong. — news from Bloomberg
