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ft.com

AI upheaval shows little sign of lessening

If the boom continues its blistering pace through 2026, the stresses could start to show

giovedì 25 dicembre 2025 New tab

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Interest rates take fright

The market’s calm in the face of war is beginning to crack

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The AI debt boom does not augur well for investors

The surge in investment may end up looking more like previous cycles of over-optimism and heavy capital spending

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The AI boom is not a bubble

Valuations may be spectacular and a bust could come — but while there’s exuberance there is no mania or irrationality

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AI returns still a long way from justifying investment mania

The hope (and hype) is as powerful as ever but it is hard to see where the needed revenues will come from

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Lex in depth: Will the AI data centre boom become a $9tn bust?

The biggest groups splashing their cash may not make their money back, but will almost certainly live to tell the tale

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Brace for a crash before the golden age of AI

History teaches that tech revolutions follow a predictable cycle of installation followed by creative destruction

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