The artificial intelligence bubble may be formed in the United States, according to the president of the Alibaba Joe Tsai Group.
Speaking on Tuesday at the Hong Kong Investment Summit at Hong Kong, Tsai said he was “amazed” from the investment numbers in the artificial intelligence data center he saw in the United States, citing $ 500 billion that Openai, SoftBank, SoftBANK, SoftBank, SoftBank, SoftBank, SoftBank and Oracle They say they will spend on Stargate project Announced again in January.
“I don’t think this is completely necessary,” said the co -founder of the Chinese technology bloc. “I somehow think that people are investing before the request they see today … Is this thinking true or incorrect? You can make a ruling.”
But the true red flag of TSAI is the phenomenon of the developers of the Data Center who build new projects “on specifications”, without agreements from the artificial intelligence companies. Microsoft or Google Or Ali Baba herself.
Tsai warned, “I start seeing the beginning of a kind of bubble.”
Of course, the alibaba chair is not the first to indicate that the bubble is formed – the idea was common throughout the male arms race that started when it released Openai Chatgpt in late 2022. But the bubble predictions are large Profitability.
Tsai is optimistic about artificial intelligence, as he was taking pain to confirm immediately after mentioning his “bubble” fear: “However, after I said that, this does not pick up our enthusiasm about artificial intelligence and the future spread of Amnesty International and how artificial intelligence can be applied in every gait and every industry.”
Ali Baba recently pledged Spending 53 billion dollars In data and cloud computing centers, more than it is spent on Amnesty International’s infrastructure over the past decade.
Bridgewateer Associats Ray Dalio recently warned of a bubble in US AI’s inventories, comparing the current moment by running into a Dotcom bust at the end of the century. “Where are we in the course now very similar to where we were between 1998 or 1999”, Dalio He said Financial times In January. “In other words, there is a big new technology that will definitely change the world and will be successful. But some people confuse this with success in investments.”
However, there may be another aspect of Tsai’s warning. Under Deepseek, Chinese artificial intelligence companies are currently in open and lightweight models, even in some cases were small enough to run on consumer devices.
On Monday, the artificial intelligence team in Ali Baba announced.The smartest and lighterA copy of the QWEN2.5-VL Open Source series, claiming significant improvements in areas such as sports thinking and understanding images despite the fact that the version contains only 32 billion teachers. In this size, the model is small enough to run it on many powerful desktop computers, which means that its use will not require benefit from any data center for some people.
Progress like this-and the creation of low-cost models in Deepseek- may have killed the Stargate level may be actually exaggerated (although some argue that the explosion may justify this level of investment.) So Tsai’s warning was a hint of the salt.
This story was originally shown on Fortune.com
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