How the AI Bubble Bursts: Spending Arms Race, Energy Costs, and RAM Price Collapse Create Perfect Storm

Volpe's Blog / Hacker News·high signal

Martin Volpe's March 30 analysis details how Big Tech's defensive capex spending forces OpenAI and Anthropic into unsustainable fundraising loops — if Google commits $50B, competitors must raise $100B each. The perfect storm converging now: energy costs at multi-year highs, Middle East instability cutting off Gulf capital, RAM prices crashing from efficiency innovations, AI labs locked into expensive hardware contracts, and Claude's metered pricing reportedly costing 5x more than subscription rates. 183 points, 194 comments (1.06 ratio) on HN.