⚡ Damn it, the more prosperous AI is, the greater the risk of global financial crisis? The IMF has just listed "AI boom," "oil shock," and "debt accumulation" as the three major global risks. This is the first time that the IMF has reclassified AI from a "growth engine" to a "risk source". The logical chain is very short: AI wants to grab power, Data center power consumption has increased by 17% by 2025. The growth rate of global electricity demand is twice that of total energy demand. When electricity is tight, energy prices cannot come down, If energy cannot come down, inflation will stick, If inflation sticks, interest rates cannot be lowered. The global public debt is expected to exceed 100% of GDP by 2029. This is two years earlier than previously expected. The heavier the debt, the more interest rates cannot be lowered, The more interest rates do not decrease, the more expensive AI financing will be. The issue with the US stock market is also here. The four major technology giants have a capital expenditure of 750 billion yuan by 2026, Free cash flow, fully turned negative. The proportion of incremental debt to capital expenditure has skyrocketed from 9% to 32%. US Treasury 10-year, 5.31%, 30-year, 5.67%. This is the highest since 2002. High interest rates are simultaneously suppressing two things: AI financing and US stock valuation. And the rewards of AI are still far from coming. OpenAI， Profit can only be achieved by 2030, Accumulated negative cash flow, 278 billion. Every technological revolution dies from the inability of profits to keep up with valuations. The AI revolution is no exception: the larger the investment scale, the further the profits become. Bank of America refers to AI storytelling as the "last line of defense" for US Treasury bonds, The cracks behind the prosperity of AI have quietly emerged. Once the narrative foam of AI bursts, The sharp decline in the US stock market and the release of pressure in the bond market, The global financial crisis was immediately triggered. It's not about 'falling down one after another', It is' simultaneous vibration '. It aint no lie ❗ ️