Sunil Bharti Mittal, founder of Bharti Enterprises, thinks a lot of new AI cloud companies might go bust in the next two to three years, kind of like what happened during the dot-com bubble.
He pointed out that while AI tech is here to stay, many of these companies will not exist in a 24-to-36-months scenario, maybe even shorter, and rising interest rates could make things even tougher.
Bharti Enterprises plans data center boost
Mittal shared that Bharti Enterprises plans to seriously boost its data center capacity by 2030 to keep up with growing demand for cloud and AI services.
He's betting big on these technologies, expecting nearly half of the company's portfolio to be all these new bets, and half will be our core connectivity business over the next five to 10 years, and says they're looking at global expansion and fresh investment opportunities in tech-driven sectors.