When news broke that Nvidia founder Jensen Huang had seemingly fallen into a classic honey-pot extramarital relationship with a suspected Chinese spy, the immediate reaction, from the US president down to industry leaders, was to rally behind the 63-year-old in the hope he could ride out the storm. The alternative was unthinkable.
The artificial intelligence investment boom worth trillions of dollars, which has dominated markets since OpenAI released ChatGPT in November 2022, has been built on a narrative that previously unfathomable levels of infrastructure investment will lead to humanity-shifting and economy-reshaping abundance.
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