capital expenditure

"We raise capital expenditure from the private sector, we go to the schools and establish Armath labs, we donate the equipment," he says.

They said the university's net assets of about £3bn made it one of the richest in the country and suggested savings could be made by using reserves or cutting capital expenditure.

As they ramp up their AI investments, tech companies also are spending more than analysts anticipated on capital expenditures such as data centers and servers.

The social media giant is planning to invest up to $65 billion in capital expenditures, grow its AI teams and build a massive data center, he said in a Facebook post.

Petroineos stated that the size of the site meant that "high levels of capital expenditure each year" were spent on it, which outweighed the company's earnings.