> Wall Street Journal columnist Christopher Mims shared another chart, saying: “The 'magnificent 7' spent more than $100 billion on data centers and the like in the past three months alone.” Man, are they optimistic. Mims linked to an article by Paul Kedrosky, who offers another perspective [1] on the AI bubble, as a percentage of GDP. Kedrosky, in turn, quoted Chinese President Xi Jinping, who warned of overinvesting in AI-focused datacenters. When Xi Jinping and Wall Street traders are on the same page, you know it’s bad. [2]

[1] https://paulkedrosky.com/honey-ai-capex-ate-the-economy/

[2] https://open.substack.com/pub/thealgorithmicbridge/p/im-an-a...