AI capex enters the Fed's inflation case with October hike pricing past even money - FXStreet

Bubble analysis

This suggests AI capex has grown large enough to push up overall inflation and shape the Fed's rate path, indirectly supporting the bubble argument that AI investment is unusually large relative to the economy — too much money, too concentrated. But the article gives no figures and says nothing about whether AI revenue is keeping up, so it is only indirect evidence.