The rapid growth of artificial intelligence (AI) has generated fears of a speculative bubble, with NVIDIA reaching a record market capitalization of $5 trillion and concerns over overvaluation. The expansion of AI infrastructure poses energy and financial challenges, and a bubble similar to the dot-com bubble is feared, generating uncertainty in international financial markets.
Aggressive barriers to exporting AI chips to China could strengthen its own development and weaken US leadership in this area. Shifting policies and uncertainty over chip sales, such as Nvidia’s H100, could empower Chinese companies like Huawei and affect the US.
DeepSeek, a Chinese startup, launched DeepSeek R1, an AI model that would compete with OpenAI’s Chat GPT-4 at a lower cost. This innovation increased the demand for energy for data centers, motivating investments from large companies and posing financial and technical challenges for the US power grid up to 2032.
