AI companies are downplaying amount of energy and capital they need, Joe Lonsdale says
- Venture capitalist Joe Lonsdale, who previously co-founded Palantir, said that top artificial intelligence executives are downplaying the resources needed to meet their plans.
- Tech giants have heavily ramped up spending on AI in recent months to build out infrastructure and lure top talent.
- Meta, Microsoft and Alphabet on Wednesday raised their forecasts for capital expenditures.
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