Patrick Boyle’s video on this is much more accurate imho as it relates to exposure, potential drawdowns, and the intertwined asset classes contributing capital.
His livelihood includes AI/software consulting and paid technology/AI speaking, and his firm sells/implements products associated with major technology companies. Its neither an economist or a technologist.
Here are some real hard facts:
"Why Big Tech’s AI Spending Is $3 Trillion Higher Than It Seems" - https://www.wsj.com/tech/ai/why-big-techs-ai-spending-is-3-t...
"Geospatial monitoring, AI infrastructure buildout, and the emerging credit implications for private credit markets" - https://www.moodys.com/web/en/us/insights/credit-risk/privat...