The Ai slowdown does not mean capex slowdown. It's the opposite
Guys, slowing down AI to build more safeguards around it means that you need MORE AI To audit the other AIs. If anything, this is an exponential increase in capex because one model working on hacking for the CIA (for example) will need other AI models to check that the job is being done properly and against the proper targets and then ai did not go rogue. Only an AI can check another AI, a human could never check and validate that fast. This means more computing power spent to check on main AIs. Nobody said Capex is slowing down, they are saying to slow down the release of new models that could potentially be used for nefarious purposes in order to build the guardrails.
I believe all of this panic is baseless, POs are there, contracts are signed, already booked until 2028-2030. This is an arms race for dominance in this technology, the nuclear/space race did not stop in the 70's because of the oil shock, actually they started printing money and removed the gold standard to save the system (as usual). We are arguably nearing a huge QE event because of the liquidity drain that the Iran war will continue to aggravate. The future is EXTREMELY bullish and inflationary.
Please correct me if I am wrong but I am not seeing this race slowing down, quite the opposite, China just said they are not slowing but accelerating, the USA already declared the AI to be a matter of national security in 2024 or earlier if memory serves me well. Nobody can stop this train. Lastly, debasement/devaluation are inevitable in the future so locking prices now for future delivery is smart as it offsets billions in future costs while revenues will proportionally grow nominally (after the 2008 oil crisis that provoked the great financial crisis, the dollar dropped to 0.6 against the euro, this means international revenue skyrocketed nominally). I also believe the FED will hold because the 10yrs at 5% already means that financial conditions are tightening. Debate me.