> IMO none of these things point to a AI being a bubble (over-hyped, demand does not match the stated value).
I agree the demand is there, but hyperscaler capex is what now? 3% GDP? This is an absurd amount of money and people who question whether the ROI is there have a point just because of the order of magnitude of this spend number.
I agree the demand is there, but hyperscaler capex is what now? 3% GDP? This is an absurd amount of money and people who question whether the ROI is there have a point just because of the order of magnitude of this spend number.