Ambrose Evans Pritchard thinks the markets, lifted by AI mania, are about to crash into a series of simple constraints. We simply don’t have the electrical equipment and electricians.

We are nearing the same point today with AI, although this time for a different and overwhelming reason. The $20tn (£15tn) valuation of hyperscalers, chipmakers and the larger AI complex, has wildly outpaced the electrical infrastructure needed to run data centres and sustain the technology on anything like the........

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