How tech’s biggest companies are offloading the risks of the AI boom

14 hours ago 2
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The data centres used for work on artificial intelligence can cost tens of billions to build. Tech giants are finding ways to avoid being on the hook for some of those costs

This fall, Microsoft announced a series of deals, totalling tens of billions, to lease computer power for its artificial intelligence ambitions. Meta secured almost $30 billion in financing to build a massive data centre in Louisiana without taking on the debt itself.

Google also committed to rent computing power from a small company and then sell some of it to

OpenAI

.

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