{"id":"https://openalex.org/W7207936985","doi":null,"title":"Over-accumulating AI: Rationale and fault lines beyond the AI investment boom","display_name":"Over-accumulating AI: Rationale and fault lines beyond the AI investment boom","publication_year":2026,"publication_date":"2026-01-01","ids":{"openalex":"https://openalex.org/W7207936985"},"language":"en","primary_location":{"id":"pmh:oai:unige.ch:aou:unige:195561","doi":null,"is_oa":true,"landing_page_url":"https://archive-ouverte.unige.ch/unige:195561","pdf_url":"https://access.archive-ouverte.unige.ch/access/metadata/6a1aa6cc-1083-4a1d-b9fc-efb40402d3d5/download","source":{"id":"https://openalex.org/S4306402259","display_name":"Archive ouverte UNIGE (University of Geneva)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114457229","host_organization_name":"University of Geneva","host_organization_lineage":["https://openalex.org/I114457229"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/workingPaper"},"volume":null,"type":"report","is_traditional":false,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://access.archive-ouverte.unige.ch/access/metadata/6a1aa6cc-1083-4a1d-b9fc-efb40402d3d5/download","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5140086447","display_name":"Gaia C\u00e9cile Valenti","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I114457229","display_name":"University of Geneva","ror":"https://ror.org/01swzsf04","country_code":"CH","type":"education","lineage":["https://openalex.org/I114457229"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Valenti, Gaia C\u00e9cile","raw_affiliation_strings":["Universit\u00e9 de Gen\u00e8ve ) C\u00e9dric Durand ( Universit\u00e9 de Gen\u00e8ve ) Department of History, Economics and Society , University of Geneva , UniMail , bd du Pont-d'Arve 40 , CH-1211 Gen\u00e8ve"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universit\u00e9 de Gen\u00e8ve ) C\u00e9dric Durand ( Universit\u00e9 de Gen\u00e8ve ) Department of History, Economics and Society , University of Geneva , UniMail , bd du Pont-d'Arve 40 , CH-1211 Gen\u00e8ve","institution_ids":["https://openalex.org/I114457229"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5012957410","display_name":"C\u00e9dric Durand","orcid":"https://orcid.org/0000-0002-1279-4966","observed_orcids":["https://orcid.org/0000-0002-1279-4966"]},"institutions":[{"id":"https://openalex.org/I114457229","display_name":"University of Geneva","ror":"https://ror.org/01swzsf04","country_code":"CH","type":"education","lineage":["https://openalex.org/I114457229"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Durand, C\u00e9dric","raw_affiliation_strings":["University of Geneva"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Geneva","institution_ids":["https://openalex.org/I114457229"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I114457229"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11743","display_name":"Political Economy and Marxism","score":0.9628999829292297,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11743","display_name":"Political Economy and Marxism","score":0.9628999829292297,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.02070000022649765,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11817","display_name":"Housing, Finance, and Neoliberalism","score":0.0071000000461936,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/overaccumulation","display_name":"overaccumulation","score":0.7590000033378601},{"id":"https://openalex.org/keywords/crisis-theory","display_name":"crisis theory","score":0.8550000190734863},{"id":"https://openalex.org/keywords/ai-bubble","display_name":"AI bubble","score":0.6620000004768372},{"id":"https://openalex.org/keywords/capital-expenditure","display_name":"capital expenditure","score":0.6800000071525574},{"id":"https://openalex.org/keywords/anna-karenina-principle","display_name":"Anna Karenina principle","score":0.8479999899864197},{"id":"https://openalex.org/keywords/financial-fragility","display_name":"financial fragility","score":0.8820000290870667},{"id":"https://openalex.org/keywords/coordination-failure","display_name":"coordination failure","score":0.921999990940094},{"id":"https://openalex.org/keywords/labor-productivity","display_name":"labor productivity","score":0.972000002861023},{"id":"https://openalex.org/keywords/technofeudalism","display_name":"technofeudalism","score":0.9800000190734863}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6205999851226807},{"id":"https://openalex.org/C141441539","wikidata":"https://www.wikidata.org/wiki/Q1970908","display_name":"Boom","level":2,"score":0.5773000121116638},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5031999945640564},{"id":"https://openalex.org/C166955791","wikidata":"https://www.wikidata.org/wiki/Q629579","display_name":"Macro","level":2,"score":0.4973999857902527},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.48890000581741333},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.4810999929904938},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.4681999981403351},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4526999890804291},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.42289999127388},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.34779998660087585},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.34599998593330383},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3334999978542328},{"id":"https://openalex.org/C2777011217","wikidata":"https://www.wikidata.org/wiki/Q1671781","display_name":"Investment goods","level":3,"score":0.3197000026702881},{"id":"https://openalex.org/C2986840890","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial sector","level":2,"score":0.31209999322891235},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2921000123023987},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.28949999809265137},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.2842999994754791},{"id":"https://openalex.org/C2991917167","wikidata":"https://www.wikidata.org/wiki/Q1598018","display_name":"Real economy","level":2,"score":0.2831999957561493},{"id":"https://openalex.org/C143910263","wikidata":"https://www.wikidata.org/wiki/Q750458","display_name":"Capital market","level":2,"score":0.2815000116825104},{"id":"https://openalex.org/C2777885895","wikidata":"https://www.wikidata.org/wiki/Q1932544","display_name":"Real wages","level":3,"score":0.2667999863624573},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.26420000195503235},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.2619999945163727},{"id":"https://openalex.org/C202552767","wikidata":"https://www.wikidata.org/wiki/Q1901350","display_name":"Market value","level":2,"score":0.2614000141620636},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.2581999897956848},{"id":"https://openalex.org/C2778865806","wikidata":"https://www.wikidata.org/wiki/Q6060850","display_name":"Investment decisions","level":3,"score":0.25220000743865967},{"id":"https://openalex.org/C2985722716","wikidata":"https://www.wikidata.org/wiki/Q4290","display_name":"Capital investment","level":2,"score":0.25130000710487366}],"mesh":[],"locations_count":1,"locations":[{"id":"pmh:oai:unige.ch:aou:unige:195561","doi":null,"is_oa":true,"landing_page_url":"https://archive-ouverte.unige.ch/unige:195561","pdf_url":"https://access.archive-ouverte.unige.ch/access/metadata/6a1aa6cc-1083-4a1d-b9fc-efb40402d3d5/download","source":{"id":"https://openalex.org/S4306402259","display_name":"Archive ouverte UNIGE (University of Geneva)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114457229","host_organization_name":"University of Geneva","host_organization_lineage":["https://openalex.org/I114457229"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/workingPaper"}],"best_oa_location":{"id":"pmh:oai:unige.ch:aou:unige:195561","doi":null,"is_oa":true,"landing_page_url":"https://archive-ouverte.unige.ch/unige:195561","pdf_url":"https://access.archive-ouverte.unige.ch/access/metadata/6a1aa6cc-1083-4a1d-b9fc-efb40402d3d5/download","source":{"id":"https://openalex.org/S4306402259","display_name":"Archive ouverte UNIGE (University of Geneva)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114457229","host_organization_name":"University of Geneva","host_organization_lineage":["https://openalex.org/I114457229"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/workingPaper"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7207936985.pdf","grobid_xml":"https://content.openalex.org/works/W7207936985.grobid-xml"},"referenced_works_count":30,"referenced_works":["https://openalex.org/W1972123116","https://openalex.org/W2399673518","https://openalex.org/W2562793958","https://openalex.org/W2897697024","https://openalex.org/W3123260045","https://openalex.org/W4313635390","https://openalex.org/W4320854981","https://openalex.org/W4366595687","https://openalex.org/W4385490607","https://openalex.org/W4399940119","https://openalex.org/W4401405116","https://openalex.org/W4406586623","https://openalex.org/W4407142724","https://openalex.org/W4409148933","https://openalex.org/W4411627694","https://openalex.org/W4412966449","https://openalex.org/W4413339091","https://openalex.org/W4414326459","https://openalex.org/W4414690271","https://openalex.org/W4415069314","https://openalex.org/W4417258000","https://openalex.org/W4417309623","https://openalex.org/W7115707641","https://openalex.org/W7131251001","https://openalex.org/W7131867455","https://openalex.org/W7135096569","https://openalex.org/W7155214605","https://openalex.org/W7166554594","https://openalex.org/W7171623195","https://openalex.org/W7203787915"],"related_works":["https://openalex.org/W7222963505","https://openalex.org/W7119465649","https://openalex.org/W7154273886","https://openalex.org/W7117483973","https://openalex.org/W7167635255","https://openalex.org/W7163166334","https://openalex.org/W7171711707","https://openalex.org/W7125755389","https://openalex.org/W7130934140","https://openalex.org/W4416581314"],"abstract_inverted_index":{"The":[0],"stock":[1],"market":[2],"valuation":[3],"of":[4,32,47,59,63,69,77,106,120,145,175,186],"AI-related":[5,48,54],"firms":[6],"has":[7],"increased":[8],"tenfold":[9],"over":[10],"the":[11,18,29,41,44,57,60,67,75,78,88,100,104,107,114,118,130,142,146,176,183],"past":[12],"decade,":[13],"while":[14],"fixed":[15],"investment":[16,109],"in":[17,35,43,53,123],"sector":[19,148],"as":[20],"a":[21],"whole":[22],"is":[23,28,138],"so":[24],"massive":[25],"that":[26,83,136,157],"it":[27],"primary":[30],"driver":[31],"US":[33],"growth":[34],"2025.":[36],"This":[37],"contribution":[38],"proposes":[39],"examining":[40],"surge":[42],"financial":[45,165],"value":[46],"stocks":[49],"and":[50,65,169],"capital":[51,121],"expenditures":[52],"assets":[55],"through":[56],"lens":[58],"crisis":[61,84,156],"theory":[62],"overaccumulation":[64],"discusses":[66],"specificities":[68],"this":[70,187],"AI":[71,79,124,147],"rush.":[72],"After":[73],"documenting":[74],"extent":[76],"bubble,":[80],"we":[81,134,180],"argue":[82],"dynamics":[85],"emerge":[86],"from":[87,117],"competitive,":[89],"compulsory":[90],"drive":[91],"to":[92,126,155,163],"invest,":[93],"which":[94],"coerces":[95],"firms'":[96],"behavior":[97],"without":[98],"ensuring":[99],"macro":[101,189],"conditions":[102],"for":[103],"sustainability":[105],"aggregate":[108],"boom.":[110],"We":[111],"then":[112,181],"distinguish":[113],"vulnerabilities":[115],"arising":[116],"surplus":[119],"invested":[122],"relative":[125],"valorization":[127],"opportunities.":[128],"Following":[129],"Anna":[131],"Karenina":[132],"principle,":[133],"show":[135],"there":[137],"one":[139,160],"path":[140],"toward":[141],"sustained":[143],"expansion":[144],"(a":[149],"rosy":[150],"scenario)":[151],"but":[152],"three":[153],"paths":[154],"interact":[158],"with":[159],"another,":[161],"related":[162],"mounting":[164],"fragilities,":[166],"coordination":[167],"failures,":[168],"labor":[170],"productivity":[171],"disappointments.":[172],"In":[173],"light":[174],"debate":[177],"on":[178],"techno-feudalism,":[179],"discuss":[182],"broader":[184],"implications":[185],"likely":[188],"disruption.":[190]},"counts_by_year":[],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2026-09-04T00:00:00"}
