AI Capex pushback from GS: 'If frontier intelligence can increasingly be developed in the East at a fraction of the cost incurred in the Wes…

AI Capex pushback from GS: "If frontier intelligence can increasingly be developed in the East at a fraction of the cost incurred in the West … then the largest capital allocators are also the ones most exposed to over-investment risk,” Privorotsky" Rich Privorotsky, strategist at Goldman’s global banking and markets division: “Whatever the proximate reason, it increasingly feels like the market has spent the past few weeks ignoring almost every negative development for the AI capex [artificial intelligence capital expenditu…

Source: Gary Marcus (X) | 2026-06-23