Is AI spending slowing down?
Asked 2 hours ago
Answer
AI spending is not broadly slowing down, with major companies like ABB reporting continued strong investment, especially in data centers. However, concerns about sustainability, profitability, and circular investment patterns are rising. Some analysts urge caution, noting that current capital expenditures may be too high relative to growth, and investor sentiment is shifting toward skepticism about long-term returns. The market is watching for signs of a slowdown, but spending remains robust for now.
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ABB CEO: We're not seeing any slowdown of AI spend
CNBC · Just In
CNBC
Just In
- ABB CEO Morten Fiorod says there is no slowdown in AI and data center spending, with strong global activity. 43s
- Electrification and automation are major trends, with electricity usage growing rapidly across industries and regions. 1m 10s
- Data centers are ABB's fastest growing market but represent only 7% of overall business; broader electrification supports growth. 2m 23s
- ABB is restructuring its portfolio into three areas—electrification, motion, and automation—and selling its robotics unit to SoftBank. 3m 31s
- The company raised its operational EBITA margin target to 18-22% and aims for long-term growth of 5-7% over a 10-year cycle. 4m 8s
