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Jefferies warns AI boom may destroy capital

Jefferies' Chris Wood says the AI boom's likely long-term outcome is massive US capital destruction as share goes to cheap Chinese open-source models.

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Bloomberg @business 10.5M followersOct 10, 09:50

The most likely long-term outcome of the AI boom will be massive capital destruction in the US, with market share going to cheaper open-source Chinese models, according to Jefferies. https://t.co/HZsmGjSpMc

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