Two posts discuss AI capital expenditure concerns. The first argues that massive AI hardware investments may represent a historic misallocation, potentially causing market collapse when returns fail to materialize, questioning whether AI can generate GDP gains without creating deflationary pressures. The second analyzes eMudhra, an Indian digital signature company that has rapidly increased capex to ₹185 Cr in FY26, building data centres and IP infrastructure across regulated markets to monetize expanded services.