aicapex

The current AI frenzy has turned into a closed financial centrifuge: big techs (Microsoft, Alphabet, Amazon) are rolling out insane capex of about ~$690 billion in 2026, but the lion's share of their "cloud AI revenues" is generated by pumping billions into OpenAI and Anthropic, who then buy computational power back from them. Corporations mindlessly burn through their annual AI budgets in a single quarter on endless token burn, while Anthropic is just starting to break even operationally, and OpenAI is closing quarters with a net loss of $1.22 for every dollar earned.

As soon as Wall Street demands real, not paper returns on investment (ROI) from big techs, the inevitable contraction of AI capex will trigger a sharp decline in tech sector stocks, dragging BTC down with it due to an overall liquidity crisis.

#AICapex #TechBubble #TradFi #Macroeconomics