
NYU finance professor Aswath Damodaran warns an AI crash could be more painful than the dot-com bust. AI requires massive debt-financed physical infrastructure, and costs don't drop with scale. Every additional use burns compute, like Spotify's per-stream model. Growth with thin margins could destroy value, and Chinese competitors like Deepseek risk price erosion.
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Summary by ByteBrief
IT nightmare on loop, Accenture's 20% fall highlights AI disruption