Longtime Investor Warns the AI Industry Is Set to Collapse for a Basic Financial Reason
While much of the wealth-owning world is positively smitten by the financial promise of large language models (LLMs) and the data centers necessary to power them, one major tech investor is sounding the alarm. Roger McNamee, a career tech financier who made successful bets on companies including Google, Facebook, and Amazon, recently penned an ominous essay in The Guardian, warning that the AI industry is set to collapse. By the end of 2025, he writes, the tech industry will have invested over