AI Spending Sustainability and Market Skepticism

Wall Street reprices companies on AI headlines, not results. Enterprise AI pilot failure rate 95%. US corporate AI debt $220B. Bitcoin miners 15:1 spending ratio. ECB warns of bubble. New: $3T off-balance-sheet commitments, asset lifespan vs debt term mismatch. Alibaba's $10.2B placement for AI infrastructure causes 10% share drop on dilution concerns. Meta expands Louisiana data center to $50B (5GW). Perplexity revenue surges to $750M, Nvidia backs it at $30B+. PE firms launch $1.5B Ode JV with Anthropic; OpenAI $4B TPG-backed consulting venture. Fintech AI adoption accelerating (Razorpay Vulcan, DBS agents, Ant FX model, Fasset $1B valuation). AI demand fuels nuclear fusion investment (CFS $1B raise). Wall Street rewards Microsoft/Amazon/Palantir, punishes Meta/Alphabet/Tesla. Circular financing concerns add systemic risk. Xpeng robotics arm raises $900M at $6.3B, adding to embodied AI funding wave. Rillet raises $100M in 48 hours for accounting AI, signaling fast vertical AI unicorn creation.