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. …