AI Glossary
Capex
Also called capital expenditure
What does “Capex” mean?
Capex: Short for capital expenditure: money a company spends on long-lasting assets such as buildings, servers and chips, as opposed to day-to-day running costs. In AI, the term mostly refers to spending on data centers and accelerators.

What is an example of “Capex”?
Investors debate whether large AI capex budgets will be matched by enough revenue from AI products.