The AI Infrastructure Bubble: Where Does the Money Go? The recent news that Oracle has spent $28.
5 billion on capital expenditures, primarily for its cloud capacity for artificial intelligence (AI), raises a pressing question: what happens to all this money?
Beneath the hype surrounding AI and cloud computing lies a complex web of infrastructure costs. Oracle's quarterly revenue has risen 30% to $19. 3 billion, driven by over $30 billion in new AI contracts.