On March 25, Bloomberg reported that Alibaba Chairman Joe Tsai cautioned against a potential bubble in the construction of data centers, emphasizing that the rapid pace of development may outstrip the initial demand for AI services. Speaking at the HSBC Global Investment Summit in Hong Kong, he highlighted that from the United States to Asia, major technology companies, investment funds, and other entities are hastily establishing server bases, seemingly without a clear vision. Many projects are being built without defined customer objectives.