AI boom could waste trillions on data centres, trigger crash and crypto rally, says Arthur Hayes

T1Covered by 1 source · first reported by Mint — Technology / AI at 07 Oct, 05:38 UTC

Arthur Hayes, former BitMEX CEO, says the AI boom is wasting trillions of dollars on data-centre capacity. He expects the overbuild to trigger an AI infrastructure crash and government bailout around late 2027 or 2028, with excess liquidity potentially boosting Bitcoin and cryptocurrencies.