Overview

• Speaking at Italian Tech Week, Jeff Bezos said the AI surge fits an industrial-era bubble but predicted major societal gains from the technology.
• He described bubbles as periods when both good and bad ideas get funded, making it hard for investors to separate winners from losers.
• Big Tech is pouring money into AI chips and data centers and increasingly turning to private investors, raising questions about how mounting debt will be repaid.
• Meta is seeking $29 billion in private capital for AI infrastructure and Oracle recently issued $18 billion in debt to support expansion.
• The Indian Express reports OpenAI reached a $100 billion data-center buildout agreement with Nvidia, and Citigroup projects AI spending could exceed $2.8 trillion by 2029.