Artificial intelligence (AI) spending plans by major technology companies remain intact despite rising oil prices and geopolitical risks, with near-term investments driven by compute and memory costs rather than energy constraints.
He added that chip pricing has had a bigger influence on capital expenditure efficiency. “Chip pricing has been more impactful on capex and how much they can build with every dollar of capex they’re spending,” he said.
Over the longer term, energy demand from data centres could become a constraint if prices remain…
