This website uses cookies to ensure you get the best experience on our website. Learn more Got it! Search Login / Create Account Channels Media Intelligence Academy Live Events Industry Awards Stream Live: Tune in to all of the sessions taking place on the DCD>Connect | New York Main Stage HOME NEWS THE INVESTMENT & MARKETS CHANNEL Goldman Sachs: $1tn to be spent on AI data centers, chips, and utility upgrades, with "little to show for it so far" Generative AI has mostly just generated more costs July 09, 2024 By Sebastian Moss Charlotte Trueman Have your say A research newsletter from Goldman Sachs has warned that large tech companies have ramped up capital expenditure to fuel generative AI development, but have yet to show sustainable business models. The investment banking firm…