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Big Tech Needs $2 Trillion In AI Revenue By 2030 or They Wasted Their Capex

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As I've established again and again, we are in an AI bubble, and no, I cannot tell you when the bubble will pop, because we're in the stupidest financial era since the great financial crisis — though, I hope, not quite as severe in its eventually apocalyptic circumstances. By

As I've established again and again , we are in an AI bubble, and no, I cannot tell you when the bubble will pop, because we're in the stupidest financial era since the great financial crisis — though, I hope, not quite as severe in its eventually apocalyptic circumstances. By the end of the year, Microsoft, Amazon, Google and Meta will have spent over $400bn in capital expenditures, much of it focused on building AI infrastructure, on top of $228.4 bn in capital expenditures in 2024 and around $148bn in capital expenditures in 2023, for a total of around $776bn in the space of three years. At

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