Bloomberg: AI Industry's Finances Are a "Wobbly House of Cards"

Bloomberg warns that the US economy is overly dependent on AI, with AI-related spending driving roughly half of GDP growth and investors fearing a dot-com-scale collapse. Any slowdown in AI development would cut capex and reset profit expectations across the entire ecosystem.

• AI spending accounts for about half of US GDP growth
• Investors call the situation a "wobbly house of cards"
• An AI slowdown would cut capex and profit forecasts
• Only a handful of companies are expected to survive