Former IMF chief economist Gita Gopinath expects AI valuations to fall at some point, though the timing is impossible to call. On Raj Shamani's podcast, she questioned whether AI firms can ever earn back that spending.
Close to $1 trillion is projected to go into AI worldwide in 2026 alone. She warned a sharp downturn could leave US growth flat or negative, and noted that Nvidia invests in labs that buy its chips, so trouble at either would ripple outward.
She also urged young professionals to keep sharpening their own thinking instead of leaning on chatbots.
Sachin Tendulkar has taken a non-controlling stake in Recykal, the Indian waste management technology firm.
His investment extends the $23 million round Recykal closed in June. The company will use the money to strengthen its tech platform, expand its Deposit Return System for packaging waste, and grow internationally.
Recykal's goal is to change the habits of a billion people, and Tendulkar said he was drawn in by how technology tackled a daily problem.
SpaceX plans to invest more than $74 billion across two AI supercomputing campuses, one in Texas and one in Arizona.
The Texas facility at Starbase, estimated at over $24 billion, will sit on about 444 acres near Brownsville and generate its own power off the public grid. The project has already created over 3,000 construction jobs.
The roughly $50 billion Arizona campus in Cochise County could scale up to 6 gigawatts, though it still needs county approvals. The Starbase city commission will weigh a property tax break for the Texas project on December 9.
