Arthur Hayes: Fed may be forced to print money if AI compute demand collapses

Arthur Hayes stated on X that if companies like Anthropic, OpenAI, and SpaceX stop purchasing computing power, the U.S. government may need to intervene. He added that if a collapse in compute demand leads to AI-related debt defaults, the Federal Reserve might be forced to print money to bail out the insurance firms holding that debt. Hayes suggested that both scenarios would ultimately require monetary expansion.