History shows we should brace for an AI crash

The Australian Financial Review
Yesterday

The massive investment in artificial intelligence infrastructure currently being made probably counts as the biggest and fastest rollout of a general-purpose technology in history.

This year and next, Google, Amazon, Microsoft and Meta alone will spend a staggering $US750 billion ($1.2 trillion) on data centres to power their AI models, with Morgan Stanley forecasting total global spending in this area will reach $US3 trillion by 2029.

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Financial Times

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