Business · 4h ago
Banks and Hyperscalers Warn AI Bubble May Burst
Oracle's stock has dropped over 40% this month, and the Bank for International Settlements warns AI could destabilize the economy. Major financial institutions and cloud giants are now publicly questioning AI's overvaluation. The growing skepticism signals a potential correction in the AI sector.
Meridian48 take
The alarm from banks and hyperscalers themselves suggests the AI hype has reached a tipping point, but the real impact on tech spending remains uncertain.
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Even banks and hyperscalers are now sounding the alarm about the AI bubble →
The Register
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