It feels like the bubble is starting to burst Banks in the US are beginning to offload loans issued to finance the construction of data centers - the very infrastructure underpinning the entire AI sector. So far, it's just one bank, ING. But Elon Musk has previously said that many private investors have started cutting off access to capital for businesses involved in building and operating data centers. Their reasoning? Too risky. We don't want that kind of exposure. In many ways, this resembles the early stages of the subprime mortgage crisis that triggered the global financial meltdown of 2006-2008. Back then, thousands of undercollateralized mortgage loans were packaged and sold as high-quality securities. Eventually, the system collapsed, taking down entire financial institutions and economies along with it. Of course, we haven't seen anything close to a full-scale collapse yet. But even in 2008, it took time for all the dominoes to fall.