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Artificial intelligence
fromFortune
1 week ago

The AI boom is unsustainable unless tech spending goes 'parabolic,' Deutsche Bank warns: 'This is highly unlikely' | Fortune

AI-driven tech spending props up the U.S. economy but may be unsustainable, with an estimated $800 billion shortfall in revenue to fund AI computing.
fromFortune
3 weeks ago

Companies are spending so much on AI they're cutting share buybacks, Goldman Sachs says | Fortune

One unexpected side effect of the Magnificent 7's race to build massive AI data centers-and source the power needed to run them-is that they are reducing share buybacks to fund them, according to Goldman Sachs. Companies routinely buy back their own shares to incentivize investors for holding them, to reduce the number of shares available (thus boosting earnings per share), and to boost their own stock prices.
Business
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