ABB Reports Q3 Figures in Line With Forecasts as Data-Centre Spending Booms
ABB said spending on data centres used to power artificial intelligence continues to boom. Operational earnings before interest, tax and amortisation rose 24% to $2.03 billion.
ABB BX:ABJ is continuing to see a boom in spending on data centres used to power artificial intelligence, the engineering group said on Tuesday, as it reported its latest earnings.The Swiss company said its operational earnings before interest, tax and amortisation jumped 24% to $2.03 billion in th…