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The Big Picturebrings together a range of PS commentaries to give readers a comprehensive understanding of topics in the news – and the deeper issues driving the news.The Big Questionfeatures concise contributor analysis and predictions on timely topics.
The AI Boom and the Future of Finance¶
Amid reports ofmass layoffs, large-scaledestruction of books, sweepingcopyright violations, and severeenvironmental damagecaused by AI data centers, an increasingly popular refrain is that the AI bubble cannot burst soon enough. AI-related companies have gained some $27 trillion inmarket valuesince November 2022, but investments have been largely circular and increasingly debt-financed, whereas revenues still highly speculative. But while a collapse would cause enormous economic pain, no one should assume that it would spell the end of the AI-driven transformation currently underway.
Featured in this Big Picture¶
- PS editors
- Brian Judge
- Dambisa Moyo
- Chenxu Fu
- Xianguo Huang
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