Scope of Assessment This assessment examines the global artificial-intelligence infrastructure investment cycle through November 2, 2026, concentrating on the United States, China, the European Union, the United Kingdom and the principal international technology and financial markets, with particular attention to the transition from exceptionally rapid capital accumulation toward increasingly binding financing, monetisation, electricity-supply and industrial-capacity … Leggi tutto AI Infrastructure Capital Cycle: Credit Discipline – Cash-Flow Constraints and the Economics of Artificial Intelligence Through 2030