In China, the AI industry’s rapid expansion led to the construction of hundreds of data centers. Just months ago, these facilities were in high demand, fueled by both government and private investments. The centers were intended to rent out GPUs to companies needing them for AI model training. However, the landscape has shifted dramatically. With the emergence of DeepSeek and changes in AI economics, the demand has plummeted. Now, a staggering 70% of these newly built data centers remain unused. GPU prices have fallen, contributing to the industry’s downturn. This situation highlights the volatile nature of tech investments and the challenges of predicting market trends in the AI sector.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
