Quote of the day by investor Warren Buffett on AI capex: "That's real money... That kind of money wasn't even put in the railroad business" — outlining his bullish long-term thesis on AI
AI demands a huge amount of energy, water, compute, and, of course, money. Big tech companies, including Google and Meta, have pledged huge sums of money toward the capital expenditure (capex) to continue the push to more powerful AI. But many inventors feel increasingly wary that this spending is simply swelling an already inflated bubble.
Laying the tracks
Speaking with CNBCin July 2026, the legendary investor Warren Buffett, who recently retired, weighed in on the capex debate.
Quote of the day
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Big tech companies are pledging a huge sum to the AI infrastructure buildout, which may reach up to $750 billion over 2026and up to $4.5 trillion by 2030...
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