70 billion dollars poured into AI! The US is overextending its future, and the bubble is growing larger...
On February 8, the Financial Times reported: "The AI capital expenditure of the five major US tech giants in 2026 is approaching 700 billion dollars, nearly doubling, equivalent to three-quarters of the US defense budget. This huge investment has triggered a chain reaction: chips are being occupied by data centers, pushing up the prices of phones and computers; skilled workers are being drawn away, forcing ordinary infrastructure projects to be put on hold; start-up financing is concentrating at the top, and small and medium innovations are entering a cold winter. The market returns are far behind the spending speed, and the US stock market lost 900 billion dollars in a week. Experts are concerned that excessive AI investment is squeezing the real economy, and the risk of a bubble continues to rise."
[Witty] The US tech industry is experiencing a 70 billion dollar AI boom. On the surface, it's leading the future, but in reality, it's an unbalanced capital gamble. Looking back at the dotcom bubble of 2000, the script of excessive spending, ignoring profitability, and squeezing traditional industries is repeating itself. The massive investment is causing chips, manpower, and funds to tilt entirely towards AI data centers, increasing consumer electronics prices and slowing down civil infrastructure. The survival space for small and medium innovation companies is being greatly compressed. Morgan Stanley estimates that an annual increase of 65 billion dollars in revenue is needed to break even, which is almost impossible in reality. This model, which focuses only on the competition among giants and ignores the overall economic health, may seem advanced, but it actually overdraws national strength and exacerbates structural imbalances, and in the long run, will only lay the groundwork for greater economic risks!
Original article: toutiao.com/article/1856544591807492/
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