AI is in for a market bust. The math supporting this conclusion is brutally simple. Big Tech is spending upwards of $400 billion in 2025 on AI infrastructure , a number that is expected to grow to $2 trillion a year by 2030 . This is despite the fact that projections show these companies are not expected to close the gap between revenue and expenditures any time soon.

Wall Street loves to tell itself that this gap will narrow gradually through steady adoption of the transformative technology. This narrative holds that enterprises will slowly integrate AI, productivity will incrementally improve and within a few years the business case will become clear. The problem is that early adoption of AI is proving to be unprofitable , meaning it could easily take several years or more

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