AI gold rush powers $100B fundraising frenzy despite rising risks: FT

Investors are rushing into AI-related fundraising at an exceptional pace, committing more than $100 billion in just a few days despite macro headwinds such as inflation, geopolitical tensions and slower global growth. The article highlights a strong fear-of-missing-out dynamic, with capital flowing into tech and AI companies on the expectation of near-term gains. Market veterans and analysts are comparing the environment to the dot-com bubble and the post-pandemic surge, noting abundant liquidity and elevated valuations. At the same time, they warn that the concentration of enthusiasm in AI may be a late-cycle sign, and that heavy equity issuance could weigh on future stock performance if sentiment cools.