PANews reported on March 25 that according to Bloomberg, Alibaba Chairman Joe Tsai stated at the HSBC Global Investment Summit that the AI data center construction boom is showing signs of a "bubble", warning that the current investment speed has exceeded the actual growth of AI demand. He pointed out that many projects have begun financing and construction without determining customers, especially in the United States, where tech giants plan to invest hundreds of billions of dollars, which may be an excessive advance layout. Tsai said, "When people are building data centers without clear usage agreements, I start to worry."