AI Spending Surges Amid Uncertain Demand and Bottlenecks | JQJO

AI’s buildout is racing ahead of demand and infrastructure, a bubble risk framed as oversized bets rather than apocalypse. With software sprinting while data centers take years to rise, visibility is murky. Reuters says an Oracle-linked New Mexico campus secured up to $18 billion in credit; Oracle has $300 billion in cloud services contracted to OpenAI and, with OpenAI and SoftBank, plans $500 billion for Stargate. Meta pledged $600 billion over three years. Yet a McKinsey survey finds most firms using AI lightly. Satya Nadella warns of data center shortages, and some sites sit idle for lack of power.