Hyperscalers Are 'All In' On Singularity, And OpenAI's Astra Gives Hope

Hyperscalers are betting on AGI and singularity, that's when AI capex pays off. OpenAI is working on the new LLM model Astra, which some say could be the first sign on AGI, while the critics have doubts. The AI trade is too risky if it's dependent on singularity, and the implications are huge for the US economy and the S&P500.

Hyperscalers have been heavily investing in AI infrastructure - and continue to increase AI capex expectations for 2027. These are the three main problems with this AI capex boom.