High AI Spending is 'Not Temporary' Says Everpure CFO Robbiati

🇺🇸 Bloomberg (US) —

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Everpure CFO Tarek Robbiati states that the high capital expenditure on AI by the data storage company is a permanent trend, even though industry supply and demand may eventually rebalance; this reflects a sustained investment in AI capacity.

Tarek Robbiati, CFO of data storage company Everpure, said that the increased capex spend on AI is 'not temporary' even if the industry supply and demand equation rebalances and more AI capacity becomes available. Robbiati said that while the AI market is expected to revert to a mean, it will not happen quickly and it may not go back to the same level. (Source: Bloomberg)

Markets AI & Tech Everpure Tarek Robbiati AI spending data storage capital expenditure technology investment artificial intelligence

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