ARTIFICIAL INTELLIGENCE ( AI ) BUBBLE HAS REACHED BURSTING POINT - WORKERS REVOLUTIONARY PARTY

What happened: A Workers Revolutionary Party piece cites a Daily Telegraph article by James Titcomb saying AI bubble fears have replaced the boom, after investors sold off data centre companies such as CoreWeave, Nebius and Iren. Key numbers: CoreWeave holds $32 billion of debt for 51 data centres Why it matters: JP Morgan's Raisah Rasid called the sell-off a valuation reset, while citing Chinese open-source models and public opposition to data centres as risks. Bank of England governor Andrew Bailey warned that debt levels and lost public trust make the financial position more precarious.

A Workers Revolutionary Party piece cites a Daily Telegraph article by James Titcomb saying AI bubble fears have replaced the boom, after investors sold off data centre companies such as CoreWeave, Nebius and Iren.

JP Morgan's Raisah Rasid called the sell-off a valuation reset, while citing Chinese open-source models and public opposition to data centres as risks. Bank of England governor Andrew Bailey warned that debt levels and lost public trust make the financial position more precarious.