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Tom Lee says AI investment boom is far from over as compute shortage may lift prices

NewsFeeds update

BitMine chairman Tom Lee told CNBC the AI investment boom is far from over, saying growing token use could tighten compute supply again and push related prices higher. He said many US states and local communities welcome AI investment but want it on their own terms and with stronger AI safety oversight.

AIOdailyAIBullish

Read the original on Odaily

The story so far: Texas data centre policy comments

Texas governor-elect Gina Hinojosa said current data centre construction must stop until measures protecting Texans are found. BitMine chairman Tom Lee then said AI pessimism is overblown, after Hinojosa said all currently licensed data centre projects can be completed, as AI-related stocks sold off.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Texas governor-elect Gina Hinojosa says data centre building must stop for now

  2. Tom Lee says AI panic is overblown as Texas data centre policy clarified

  3. Tom Lee says AI investment boom is far from over as compute shortage may lift prices

More AI updates

  1. Chamath Palihapitiya says SpaceX-Anthropic compute contract holds 90-day mutual exit clause

    AIChainCatcherAINeutral

  2. Stop Dirty Data Centres says protests across Europe target AI data centre expansion

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  3. Cathie Wood says midterm elections will not halt the AI revolution

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Every AI update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.