The AI boom is unsustainable unless tech spending goes ‘parabolic,’ Deutsche Bank warns: ‘This is highly unlikely’
On the heels of Nvidia’s $100 billion investment in OpenAI, two Wall Street research notes out today suggest that the current boom in AI may be unsustainable. “AI machines—in quite a literal sense—appear to be saving the US economy right now,” George Saravelos of Deutsche Bank told clients in a research note. “In the absence…