✉news TechnologyAI first seen 7 h ago, last 59 min ago, peak #1
Arthur Hayes says trillions are being wasted on the AI boom
Original: Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next
Arthur Hayes, the crypto investor and BitMEX co-founder, says trillions of dollars are being 'wasted' on the current AI boom, arguing the spending frenzy is unsustainable. He says he is positioning himself for what comes after the boom, though details of his bets were not fully spelled out in the report.
Why now: Renewed investor debate over whether AI infrastructure spending amounts to a bubble is drawing provocative takes from prominent financiers.
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- Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next · CNBC
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