Chatter about an AI bubble has been in all places recently, and prime tech corporations like Google, Meta, and Microsoft have doubled down on their AI investments for 2026. However how have analysts prior to now precisely recognized forming tech bubbles? Hosts Michael Calore and Lauren Goode sit down with Brian Service provider, WIRED contributor and creator of the publication Blood within the Machine, to interrupt down the 4 standards some researchers have used prior to now to grasp and brace for the worst.
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Transcript
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Michael Calore: Hey Lauren, how are you doing?
Lauren Goode: I am OK, Mike. It is earnings season, so a number of us on the enterprise desk right here at WIRED have been tuning into tech corporations earnings experiences and their earnings calls. And I suppose that principally means it is CapEx season.
Michael Calore: CapEx?
Lauren Goode: Capital expenditures.
Michael Calore: You say CapEx?
Lauren Goode: Yeah. Now that I am a enterprise desk reporter, I say CapEx.
Michael Calore: You are a kind of.
Lauren Goode: I throw it round at events. No, I actually do not. However we’re seeing a pattern in how tech corporations are sleeping on piles of cash, however they don’t seem to be simply sleeping on it. They’re sharing large plans to spend on it, and particularly to spend on AI infrastructure.
Michael Calore: Proper. Information facilities.
Lauren Goode: Yeah, extra information facilities, not simply information facilities. However sure, that is a giant a part of it.
