I disagree with Sundar. I have been saying that the companies holding the most AI infrastructure, GPUs and TPUs on their books will be hit the hardest. This is why we are seeing the likes of Microsoft trying to offload their AI infrastructure CapEx on to neoclouds. This is part of the circular “deal” making that is going on and folks are rightly noticing.

“The Google chief bbc.com/news/articles/c… for an exclusive interview to talk all things AI — from energy demands to UK investment to the future of jobs. But the most striking moment came when Pichai admitted that if the AI bubble does burst, no one is safe.” -Mashable