The AI Boom's $2.3 Trillion Reality Check
The Magnificent 7 just lost $2.3 trillion in a single month, the Bank for International Settlements is warning of a repeat of history's worst tech busts, and global AI spending has hit $850 billion. Is the biggest investment boom in human history already cracking?

The Announcement
Here's the headline that ought to terrify anyone with money in the market: the five largest hyperscalers — think Google, Microsoft, Amazon, Meta, and the rest of the gang — are on track to burn through more than $1 trillion on AI capital expenditure in 2025 and 2026 alone. Not over a decade. In two years. The Bank for International Settlements, the elite institution known as the "central bank for central banks," issued a stark warning in its latest report: the current AI...