Australian data-centre developer - Firmus - have stalled in securing funds for more build-outs, with investors unsure of the pricepoint, and how much of the growth depends on earnings that are yet to arrive.

So has the value of AI had its reality check? Investors have happily funded AI chips, AI software and AI infrastructure for years, but are public markets finally pushing back on valuations?

Given the money that's closely tied to AI and its promises to improve everyday life, are we walking into a bubble that's bound to pop, or running late on the AI boom?

Harbour Asset Management's Chris Wilson explains the risks to Tim Beveridge for Smart Money... 

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