Rolling coverage of the latest economic and financial news, as shares fall across Asia and bitcoin hits a seven-month low
The boss of buy-now-pay-later group Klarna has also warned about the tech industry’s multibillion-dollar dash to build data centres to power AI models.
Sebastian Siemiatkowski told the Financial Times that the huge sums being poured into computing infrastructure made him “nervous”.
“I think [OpenAI] can be very successful as a company but at the same time I’m very nervous about the size of these investments in these data centres. That’s the particular thing that I am concerned about.”
Continue reading…Rolling coverage of the latest economic and financial news, as shares fall across Asia and bitcoin hits a seven-month lowThe boss of buy-now-pay-later group Klarna has also warned about the tech industry’s multibillion-dollar dash to build data centres to power AI models.Sebastian Siemiatkowski told the Financial Times that the huge sums being poured into computing infrastructure made him “nervous”.“I think [OpenAI] can be very successful as a company but at the same time I’m very nervous about the size of these investments in these data centres. That’s the particular thing that I am concerned about.” Continue reading…