AI boom is unsustainable unless tech spending goes 'parabolic,' Deutsche Bank warns | Fortune: The current AI boom is not sustainable, a Deutsche Bank research note warned this morning, because tech spending won't “remain parabolic.” AI capex is now so massive it is keeping the U.S. out of recession, the bank said. Separately, Bain & Co. estimate there will be an $800 billion shortfall in the revenues needed to fund the demand for AI computing power.
Deus ex nihilo: Physicists call this decoherence. Economists call it a market crash. Sam Altman will call it Tuesday.