AI Is Slowing Down

The article argues that the AI industry is facing unsustainable financial pressures, requiring $9.5-15 trillion in data center investments and $3+ trillion in annual revenue by 2030 to justify current spending levels. The author contends that this bubble depends on perpetually increasing debt issuance and equity sales from major tech companies, and that the concentration of NVIDIA's revenue among just three clients makes the entire ecosystem fragile and potentially headed for collapse.