Is There an A.I. Bubble? A Debate.

Ezra Klein hosts a debate between Azeem Azhar and Paul Kedrosky on whether the massive investment in AI infrastructure constitutes a bubble. Kedrosky argues that the current spending is unsustainable and resembles past bubbles, while Azhar takes a more optimistic view, believing the transformation justifies the investment. The discussion touches on the crowding out of home construction by data center building and the broader economic risks of a potential burst.