America’s AI bubble is a Ponzi scheme
America’s AI bubble is starting to look like a Ponzi scheme. Artificial intelligence companies increasingly rely on a data centre boom that allows them to raise more money from debt markets. But the midterm elections have swept in state governments sceptical of a mass data-centre buildout. Without the data centres to raise debt, chips don’t ship and the circular financing among AI companies might…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
