Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next

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Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next

AI Summary

Former BitMEX CEO Arthur Hayes argues that investment in AI infrastructure is excessive and could end in a crash and bailout. He is betting that such a downturn would ultimately boost cryptocurrency prices.

Former BitMEX CEO Arthur Hayes says the AI infrastructure boom is being overbuilt and is betting an eventual crash and bailout will send crypto higher.

Markets Deals AI & Tech AI infrastructure investment boom Arthur Hayes BitMEX cryptocurrency market crash

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