Enjoyed reading The Atlantic's take on the highly incestuous and circular investments that are powering AI companies as they scrape and scrounge for more data centers. Or, why all this AI investment promises to be a lose/lose for everyone but the super rich. Tranches. Packaging and repackaging risky data center debt into financial instruments that people can buy or sell. Does any of this sound remotely familiar?

"Boom and bust can feel like two sides of the same coin: Consider also that if AI companies deliver on their massive investments, it would likely mean producing a technology so capable and revolutionary that it wipes out countless jobs and sends an unprecedented shock wave through the global economy before humans have time to adapt. (Perhaps we will be unable to adapt at all.) If they fail, there will likely be unprecedented financial turmoil as well."

https://www.theatlantic.com/technology/2025/10/data-centers-ai-crash/684765/