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... The Bank for International Settlements, often referred to as "the central bank for central banks", said in a report at the end of June that it was worried the AI bubble was nigh on to popping and taking the global economy with it. Oracle, the hyperscaler with arguably the largest exposure to the AI bubble, has lost more than 40 percent of its share value in the past month and recently outlined all the ways it might suffer if this whole AI thing doesn't pan out. ...

And it draws a comparison saying that all these things shared a common trait, which is that they attracted a lot more capital than the resulting industry could actually produce. And if that's the case with the AI bubble, there are going to be a lot of people who have invested billions in capex who are not going to see that money back. That's presumably not really the best investment scenario. ...