The Questions You Should Be Asking About the AI Bubble

BCG

Philipp Carlsson-Szlezak, Paul Swartz

Article

11 Pages

September 2026

The authors argue the key AI-bubble question is not whether spending eventually corrects, but whether a correction threatens the economy. With data-center investment estimates ranging from hundreds of billions to several trillion dollars, they emphasize nuanced macro risks and note that speculative booms can still leave transformative infrastructure behind.

Global Macroeconomics

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