AI has long-term value, but it could still be a bubble: expert | ABC NEWS
Community Score: 50% | 3.1K views | 2w
0 community ratings: null thumbs up, null thumbs down
Artificial intelligence is generating billions in revenue, but the world's biggest technology companies are spending unprecedented sums on data centres and infrastructure to stay ahead in the AI race. Capital Brief editor James Hennessy explains how Big Tech is funding the boom through borrowing, and why AI's long-term potential doesn't necessarily mean today's investment frenzy is sustainable. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-06-30/ai-boom-big-tech-investment-drain-market-volatility/106857426 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, artificial intelligence, AI, AI bubble, generative AI, Big Tech, Microsoft, Alphabet, Google, Meta, Amazon, data centres, AI investment, AI stocks, stock market, technology, Capital Brief
More from ABC News (Australia)
- The biggest market sell-off since 'Liberation Day' | The Business | ABC NEWS — Score: 50%
- Designer Katie Perry wins trademark case against pop star | ABC NEWS — Score: 50%
- A look around the NT as residents deal with flooding emergency | ABC NEWS — Score: 50%
- Bundaberg homes inundated after Burnett River peaks | ABC News — Score: 50%
- Reindeer races in Finland draw international crowds | The World | ABC NEWS — Score: 50%
- Grave fears for Iranian footballers after Australia asylum saga | The World | ABC News — Score: 50%