🚨 A FORMER NEW YORK FED CHIEF IS WARNING ABOUT A $10 TRILLION AI BET Bill Dudley says AI infrastructure spending could exceed $10 trillion if companies carry out their current plans His estimate: the industry may need more than $3 trillion in annual revenue to justify that investment Seven or eight companies are racing to become AI giants He thinks only two or three may dominate The risk also reaches the private credit funds and lenders financing the buildout Some commitments stay off company balance sheets until projects are completed That makes it harder to see who ultimately carries the risk The equipment keeps losing value while investors wait for future revenue And the debt still has to be repaid if those forecasts fall short