Animal Spirits: The Best Bear Case on AI
The Wall Street Journal reports that Big Tech's AI spending is $3 trillion higher than it appears, according to a new analysis. The figure accounts for hidden costs such as depreciation, equity-based …
The Wall Street Journal reports that Big Tech's AI spending is $3 trillion higher than it appears, according to a new analysis. The figure accounts for hidden costs such as depreciation, equity-based …
Memory chip prices have surged roughly fourfold as Big Tech's AI spending spree collides with finite semiconductor supply, raising questions about whether the AI boom reflects real demand or a chip sh…
Big Tech's AI spending is significantly understated on balance sheets due to hidden costs in energy infrastructure, talent acquisition, and operational inefficiencies, according to an analysis of the …
The AI trade suffered a sharp valuation compression, with tech's forward price-to-earnings ratio falling about 30% from a year earlier at its July low, a drop comparable to the dot-com bust and financ…
Big Tech's trillion-dollar AI infrastructure investments are yielding little return, with the industry facing a potential write-down if scaling laws plateau, according to an analysis of the sector's c…
Archewell Philanthropies, the charitable organization founded by Prince Harry and Meghan, the Duke and Duchess of Sussex, is urging Congress to pass legislation addressing AI deepfakes, citing that 'm…
A developer argues that massive investments in AI data centers will not yield returns, calling it one of the biggest capital misallocations in tech history. The post highlights that tech giants are am…
Wall Street is pressuring Big Tech to demonstrate returns on costly artificial intelligence investments, as investors grow wary of mounting AI spending without clear revenue gains. The demand follows …
Big Tech companies have collectively spent over $1 trillion on artificial intelligence development, prompting Federal Reserve policymakers to worry about inflationary pressures from AI infrastructure …
Semiconductor stocks are sliding across US and Asian markets as investors shift from the AI hype cycle to demanding proof of returns on massive capital expenditures. Big Tech is spending billions on N…
The narrative of an AI race between the United States and China is a myth perpetuated by Big Tech to justify the construction of water-guzzling, energy-hungry data centers, argues Mitch Jones, managin…
Big Tech is carrying $1.65 trillion in hidden AI debt, according to a report. Treasury yields hit a 19-year high as tariffs and the Iran war escalate, with the 30-year Treasury yield reaching 5.18%, i…
Scott Galloway and Ed Elson argue that Big Tech has offloaded the risks of its AI buildout through off-balance-sheet obligations, which investors should scrutinize. They also warn that rising oil pric…
A new US intelligence document warns of potential 'anti-tech violent extremist activity' targeting data centers, but critics argue this framing unfairly silences legitimate opposition to AI infrastruc…
A MarketWatch opinion piece argues that Big Tech companies are capturing all equity from the AI boom built on user data, proposing mechanisms for individuals to reclaim wealth from AI-driven profits.…
Author describes growing global opposition to data centers, citing protests and blocked projects in England, Australia, Canada, and the US, driven by rising power bills, water pollution, and noise. Th…
Hundreds gathered in Tompkins Square Park for the Summer of Ludd festival, featuring a play about the Luddite movement and activities promoting offline community, as Gen Z channels rage against Big Te…
AI developers and donors have pledged $275 million toward political races, with AI companies and affiliated groups spending at least $83 million on federal elections in 2025 and tens of millions more …
Artificial intelligence and the data centers they require consume growing amounts of energy and water, exacerbating climate change and water scarcity. Experts advise using AI less, avoiding it for sim…
Rebecca Cavallo, a senior data scientist from Melbourne, Australia, chose a lower-paying tech job offer over a higher-paying one after conducting a career audit and prioritizing growth opportunities, …