"A momentous week in the technology sector made it clear there is no sign the boom in building artificial intelligence infrastructure is slowing - despite the bubble talk. Nvidia, whose processors are the AI revolution's backbone, became the first company to surpass $5 trillion in market value. Microsoft and OpenAI inked a deal enhancing the ChatGPT maker's fundraising ability and OpenAI promptly started laying groundwork for an initial public offering that could value the company at $1 trillion."
""The AI supply chain now spans power, industrials and cooling technology, and investors are looking at the entire ecosystem rather than just core tech," said Ayako Yoshioka, portfolio manager at Wealth Enhancement Group. Goldman Sachs estimates global AI-related infrastructure spending could reach $3 trillion to $4 trillion by 2030. Microsoft, Amazon, Meta, and Alphabet are expected to spend roughly $350 billion combined this year."
Nvidia reached a $5 trillion market value as AI demand surges. Microsoft and OpenAI struck a deal that bolsters OpenAI's fundraising and prompted IPO groundwork with a potential $1 trillion valuation. Amazon announced 14,000 corporate job cuts even as its cloud unit reported strong growth. More than 100 non-tech companies flagged data-center activity, with Caterpillar reporting a 31% jump in its data-center supply division. The AI supply chain now includes power, industrials, and cooling technologies, with estimates of $3–4 trillion in global AI-related infrastructure spending by 2030 and major tech firms spending roughly $350 billion this year.
Read at Fast Company
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