The Trillion-Dollar Gamble: How the AI Infrastructure Boom Risks Becoming History’s Largest Capital Misallocation
Executive Overview The global artificial intelligence revolution is running on an unprecedented torrent of capital. A small, elite cadre of technology conglomerates—the so-called "hyperscalers," including Alphabet, Microsoft, Amazon, Meta, and strategic partner Oracle—are currently orchestrating one of the most aggressive industrial infrastructure buildouts in human history. Driven by a fundamental belief in the scaling hypothesis—the…
