Circular AI Boom Goes Global as Asia Windfall Funds Hyperscalers - Bloomberg
ā¢ The AI boom is generating unprecedented windfalls for Asian chipmakers, particularly in South Korea and Taiwan, creating a global circular flow of capital. ā¢ This surge in wealth is mirroring a narrower version of the "Asian savings glut" seen in the late 1990s and early 2000s, which historically kept U.S. borrowing costs low. ā¢ The phenomenon matters because these massive profits are being reinvested back into the global economy to fund hyperscalers and AI infrastructure.
bloomberg.com