AINewsnow

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

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.

Read the full story at Mint AI ↗

Timeline · 1 report

  1. 2026-10-07 05:38 · Mint AI
    AI boom could waste trillions on data centres, trigger crash and crypto rally, says Arthur Hayes

More stories

  1. Introducing Mistral Large 4 — Mistral AI News
  2. Sharing AI progress in mathematics — OpenAI News
  3. Mistral Says Its New AI Model ‘Le Chonk’ Is the Best Open-Weight Offering Outside of China — Wired AI
  4. Trump’s big AI move: ‘Super Intelligence Force’ launched, Jay Clayton named AI czar — Mint AI
  5. OpenAI safety leader quits, warning AI company’s culture is ‘broken’ — The Guardian AI
  6. Introducing the Decisions API — OpenAI YouTube
  7. EmbeddingGemma 2: an open, lightweight multimodal embedding model — Google DeepMind Blog
  8. Together Link: open models in the harness you already use. Start with one command today. — Together AI Blog

Get the daily brief of stories like this at 6:30 every morning →