Goldman Sachs warns that datacenter investments may fail to pay off if the industry is unable to monetize AI models, but hedges its bets by saying that demand could also overwhelm available capacity by 2030.

Investors have been pouring cash into datacenters, buoyed by the AI-driven demand for compute resources that has led to a boom in construction of new facilities in the US and elsewhere.

Analyst Omdia said this week that capital expenditure on bit barns is forecast to reach $1.6 trillion by 2030 thanks to AI, growing 17 percent annually between now and then.

But doubts have been raised about just how much return on investment (ROI) will come from the current AI frenzy, with IT firm Lenovo finding earlier this year that many business leaders were unconvinced that AI is worth the expen

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