The $8 Trillion AI Mirage: IBM Says The Math Just Doesn't Work

Everyone on Wall Street is busy celebrating the AI supercycle — until you try the math. This week, IBM (NYSE:IBM) CEO Arvind Krishna dropped a number so large it could stop the AI party cold.Track IBM stock here.At today's costs, he told Decoder, it takes roughly $80 billion to build and fully equip a 1-gigawatt AI data center. And with nearly 100 gigawatts of hyperscale capacity already announced across the industry, that implies around $8 trillion in capital spending. His conclusion was blunt: "There is n ...