Buy data centres that go bankrupt once AI spending stalls: Shenoy to IT firms

Capitalmind AMC's CEO Deepak Shenoy said it will be useful for IT companies to hoard cash to buy ready-built data centres that go bankrupt if large technology companies slow or stop their massive spending on artificial intelligence infrastructure. "Usage will eventually come but prices have to drop substantially, and a 50% lower cost can help," Shenoy added.