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BofA Warns AI Boom May Follow Past Failures | Markets & Money News
On October 16th, insights from Bank of America reveal concerns about the AI investment boom following familiar historical patterns. Investment strategist Sebastian Raedler highlights a significant increase in hyperscaler capital expenditures, now exceeding a trillion dollars. However, he warns that rising competition, particularly from Chinese models, and a 50% drop in average token prices could mirror past capital cycle disappointments. With current AI-related assets under pressure, the
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