Tech market sell-off deepens amid fears over US inflation and AI debt
I keep thinking about Samsung and SoftBank, names that once felt like pillars of the future, now sliding on a wave of anxiety about what happens when the money gets expensive. Interest rates are the trigger, but the deeper problem is how much of the AI boom was built on borrowed time. We poured trillions into data centers and chips, betting that the intelligence we're building would pay for itself before the bill came due. Now the bill is here, and the market is blinking.
I'd want to know how much of this is panic versus genuine revaluation. Because on one hand, AI is still doing astonishing things—generating proteins, predicting weather, rewriting code. But on the other, the business models are shaky, and the energy costs are monstrous. I suspect we're watching the first real test of whether this technology can stand on its own in a world that doesn't give out free money. That's a good thing. Bubbles pop so the ground can settle. Maybe what we get after the dust clears is a more honest AI, one that's useful rather than just expensive.