The current AI boom is not sustainable, a Deutsche Bank research note warned this morning, because tech spending won’t “remain parabolic.” AI capex is now so massive it is keeping the U.S. out of recession, the bank said.

The AI boom is unsustainable unless tech spending goes ‘parabolic,’ Deutsche Bank warns: ‘This is highly unlikely’ | Fortune

“In the absence of tech-related spending, the U.S. would be close to, or in, recession this year,” George Saravelos says.

Fortune (fortune.com)