IBM’s CEO says trillions spent on AI data centers can’t pay off at today’s costs. The Bank of England warns AI is creating new financial risks in lending.

Arvind Krishna, CEO of IBM, has argued that the recent surge in spending by Big Tech on AI-data centers is economically unrealistic. On the “Decoder” podcast he estimated that building and fully outfitting a one-gigawatt AI data center costs about …

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White House admits data manipulation

BREAKNG: In an unbelievable moment, Trump Economic Council Director Kevin Hassett says Americans will never know what the October unemployment rate was, but “We’ll be able to concoct something.” They are admitting to the deception out loud. There are independent …

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