Michael Hiltzik


"That’s the principle undergirding the AI industry’s vast expenditures on data centers and high-performance chips. 

"The demand for more data and more data-crunching capabilities will require about $3 trillion in capital just by 2028, in the estimation of Morgan Stanley. 

"That would outstrip the capacity of the global credit and derivative securities markets. 

"But if AI won’t scale up, most if not all that money will be wasted."


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