Cédric Durand (University of Geneva) - Overaccumulating AI: rationale, faultlines, and politics скачать в хорошем качестве

Cédric Durand (University of Geneva) - Overaccumulating AI: rationale, faultlines, and politics

As 2026 opens, talk about a US AI bubble has grown louder than ever. Promises of a radical breakthrough in post-human intelligence and fantastic productivity gains have captured the animal spirit of investors to the point where, as one financial commentator summarizes, “America is now one big bet on AI” . The stock market valuation of AI-related firms has increased tenfold over the past decade, while fixed investment in the sector as a whole is so massive that it is the primary driver of US growth in 2025. The AI rush requires a massive physical buildout of data centers, computing equipment, cooling systems, network hardware, grid connections, and power infrastructure. This contribution proposes examining the surge in the financial value of AI-related stocks and capital expenditures in AI-related assets through the lens of the crisis theory of overaccumulation and discusses the specificities of this AI rush in the light of the debate surrounding intellectual monopoly and the technofeudal trend in too-late capitalism.