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Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next

Former BitMEX CEO Arthur Hayes says the AI infrastructure boom is being overbuilt and is betting an eventual crash and bailout will send crypto higher.

By Jenny LeeCNBC — Technology
Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next

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Originally published by CNBC — Technology on Oct 7, 2026.

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