The Honeypot That Might End the AI Boom - The American Prospect
In The American Prospect, Ryan Cooper argues a Chinese honeypot scandal around Nvidia CEO Jensen Huang might break the AI boom's momentum. He says Nvidia's circular financing has propped up the industry, and that if heavily indebted neocloud firms like CoreWeave go bankrupt—a risk traders price at maybe one-in-two—the losses could feed on themselves like the dot-com collapse.
