The $25 Trillion AI Bubble Is Bursting

Photo by Mohamed Nohassi on Unsplash
 

IBM’s CEO said there is “no way” that the massive spending on AI and data centers will ever pay off. For the first time in this bubble cycle people are finally wondering if maybe he is right. It couldn’t have come at a more critical time in light of Oracle’s shocking results. And then Broadcom failed to live up to the hype. In many ways, AI is the last pillar holding the forgotten how to grow the economy together, from both investments and stock-fueled consumer spending.

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