Tech critic and podcast host Paris Marx has published a book, 'Hyperscale: The Ambition and Excess of Big Tech's Data Empires,' examining decades of opposition to data center growth worldwide, from Vietnam War-era protests to recent fights in Ireland, Chile and New Zealand. In an interview, Marx traces his interest to 2019 moratoriums in the Netherlands and Singapore, Ireland's 2022 grid strain debates, and Google's effort to conceal its water usage in The Dalles, Oregon, where the company was later found to consume 29 percent of the town's water.
wired.com
· 2026-10-25
Barclays has become the latest major company to reduce its workforce, citing efficiency gains tied to artificial intelligence investment. The move follows a pattern across industries this year where firms are cutting jobs or slowing hiring while redirecting spending toward AI infrastructure and capabilities.
fastcompany.com
· 2026-10-23
Gains tied to artificial intelligence companies have contributed an estimated $138 billion to the investment portfolios of 13 public pension funds since 2022, according to reporting on the funds' performance. The rally has helped these funds recover from losses tied to the last financial crisis, even as some politicians grow more critical of the AI industry.
wsj.com
· 2026-10-23
Citadel founder Ken Griffin told the Future of Global Markets Conference in New York that companies have been inconsistent at extracting value from AI models despite rising spending. He said investors are 'almost certainly' in an AI bubble, while still expecting AI to create new opportunities and reshape competition. Griffin's comments came as Anthropic prepares to file for a stock market listing and reportedly plans to spend $750 billion on computing power.
techspot.com
· 2026-10-21
OpenAI and Anthropic continue to generate billions of dollars in revenue, but reports indicate their growth rates are decelerating. That slowdown is drawing scrutiny from investors who are questioning whether current valuations across the AI sector are justified.
fastcompany.com
· 2026-10-19
CoreWeave's bonds fell into distressed territory last week, with yields demanding 1,000 basis points above government bonds, and its shares dropped more than 20 percent since the prior Tuesday's close. Investor Chamath Palihapitiya publicly questioned whether the AI buildout represents a credit bubble after spotting the distressed debt, while cofounder Brannin McBee told the Financial Times the company wants an investment-grade rating to borrow from insurers' 'unlimited' capital.
theverge.com
· 2026-10-19
The International Monetary Fund's Global Financial Stability Report cautioned that heavy borrowing by data center operators and investors to fund AI expansion poses risks to global markets. The IMF highlighted circular financing arrangements, such as Nvidia's $30 billion investment in OpenAI alongside a $105 billion data center commitment, noting OpenAI simultaneously buys Nvidia chips. The IMF said its review of 14 such deals since 2023 found roughly $300 billion in equity investments and $650 billion in debt.
futurism.com
· 2026-10-19
The International Monetary Fund's latest Global Financial Stability Report warns that the global economy's growing dependence on AI-related capital flows could harm GDP, investment, and consumption by 2028 if the sector crashes. The report distinguishes between 'core' AI firms like Nvidia and TSMC, which have years of production already booked, and weaker non-core players whose circular financing arrangements pose broader risk. The IMF found $300 billion invested in financially weaker AI companies plus $650 billion in debt tied to $1.4 trillion in revenue, concentrated among a small number of firms.
tomshardware.com
· 2026-10-14
Framework has updated its budget-focused Laptop 12 with Intel's new Core Series 3 processors, offering configurations from a Core 3 304 chip with 8GB RAM and a 512GB SSD at $799 up to a Core 7 350 model with 32GB RAM at $1,549. Buyers can save $100 by choosing Fedora Linux instead of Windows, and pricing on all tiers has reportedly risen beyond the company's original targets.
engadget.com
· 2026-10-13
Bloomberg TV's Open Interest program hosted Panmure Liberum analyst Joachim Klement, who said he expects the AI investment bubble to burst in either 2027 or 2028. Klement argued that current spending is misdirected toward resource-heavy frontier large language models in data centers, rather than smaller, open-weight models that could run locally. The appearance followed a Thursday selloff triggered by reports that OpenAI would miss its annual revenue target by roughly $20 billion, though markets largely recovered by Friday.
futurism.com
· 2026-10-10
The Financial Times reported that internal memos OpenAI sent investors in late September projected annualized revenue approaching $50 billion, roughly $20 billion below an earlier $70 billion figure that had previously circulated among investors. OpenAI had not disputed the higher $70 billion estimate before the new figure emerged. News of the revised forecast coincided with a 1.25% drop in the Nasdaq and nearly 3% decline in Nvidia shares on Thursday.
futurism.com
· 2026-10-09
Investor Michael Burry posted on his X account that he wants Wall Street to "tank hard" to prevent OpenAI and Anthropic from completing their planned IPOs. He argued the two AI companies will ultimately "suck up" and destroy trillions of dollars in capital, worsening damage to the US and global economy. Burry, known for predicting the 2008 subprime crash, closed his hedge fund Scion Asset Management in 2025 but continues to voice bearish views on AI publicly.
techspot.com
· 2026-10-01
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