Huo Xing Finance reports that on May 25, according to Bloomberg, the CEO of Sakura Internet Inc. stated that to keep pace with growing demand for artificial intelligence in Japan, the company may need to increase its capital expenditures to nearly seven times its original plan. This data center operator is considering allocating between 20 billion and 30 billion yen (approximately $125 million to $190 million) this fiscal year. Kunihiro Tanaka, founder and CEO of the Osaka-based company, said this figure far exceeds the official capital expenditure plan of 4.4 billion yen announced by the company last month.
Japan-based data center operator Sakura Internet considers a sevenfold increase in capital expenditures to meet AI demand.
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Summary
Japan-based data center operator Sakura Internet is considering a sevenfold increase in capital expenditures to meet AI demand. The company is evaluating an investment of 20 to 30 billion yen this fiscal year, up from 4.4 billion yen. AI and cryptocurrency developments continue to drive infrastructure spending. Recent inflation data indicates limited pressure, supporting expansion in the technology sector.
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