Google spending $17 billion on AI "supply constraints" not in the numbers, Intel's building homegrown AI chips, Meta launched an AI app, Lightrun raised $70 million, and DeepMind expands music AI
too much expense to develop junk AI = m economic collapse, economic recession (example 2008).
The difference between 2008 and now is that 2008 was funded with a ton of debt, whereas just about all of this infrastructure is funded with profits.
The only exception is SoftBank, which raised $16.5 billion in debt. That's a drop in the bucket compared to what the hyperscalers are spending.
too much expense to develop junk AI = m economic collapse, economic recession (example 2008).
The difference between 2008 and now is that 2008 was funded with a ton of debt, whereas just about all of this infrastructure is funded with profits.
The only exception is SoftBank, which raised $16.5 billion in debt. That's a drop in the bucket compared to what the hyperscalers are spending.