Meanwhile, we are spending trillions of dollars to build even more AI infrastructure. There is no way that the AI industry is ever going to generate the sort of revenue that will justify that level of investment. What we are witnessing is a capital misallocation of absolutely epic proportions, and it is inevitable that this entire bubble is going to come crashing down. When that finally happens, it will be unlike anything we have ever seen before.

Stanford University says that "total global corporate investment in AI reached $1.6 trillion" from 2013 to 2024…

According to the 2025 AI Index Report by Stanford University, between 2013 and 2024, total global corporate investment in AI reached $1.6 trillion. This substantial expenditure dwarfs even the largest scientific and infrastructure projects of the 20th and 21st centuries.

That number is so high that it is difficult to believe.

But last year we took things to an entirely new level.