Banks are pulling back as AI's massive debt pile disconnects from economic reality

Wall Street is growing anxious over AI spending, with a widening gap between infrastructure costs and expected returns. AI providers are projected to spend $7 trillion through 2030, but Gartner forecasts only $3.6 trillion in related revenue. Over $4 trillion in spending could face write-downs by 2032, and more than 80% of neoclouds may cease independent operations.