The US corporate profit boom faces its 'Minsky moment'
The bubble may be in exceptionally high earnings, not in valuations
Large language models' artificial intelligence is impressive, as is the financial wizardry accompanying investments of several trillion dollars in AI infrastructure. The capital expenditure immediately translates into profits, despite the economic viability of deploying the technology being uncertain.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
