Editorial companion

What stands out

David Malpass, the former World Bank President, warned on Fox Business that artificial intelligence (AI) risks becoming a circular money machine: companies like OpenAI spending lavishly on compute and talent, creating a feedback loop that depends on someone ultimately paying for the output, while the U.S. national debt nears $40 trillion. His point matters because capital intensity and public fiscal strain change how investors should value growth narratives; if revenue growth does not materialize, vast AI spending will look less like investment and more like a subsidy chase.