The firm that drew the hype cycle now says $3.5 trillion of AI spending may never pay back

Business BagelChristian Maidman · 16 October 2026 at 03:30

Gartner has put a price on the AI industry’s enormous spending boom, and the numbers don’t look particularly encouraging. Nick van Rensburg at All Weather Capital thinks that is worth taking seriously. Gartner is one of the technology industry’s best-known research firms. It&
— Business Bagel

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