According to CoinMeta, Bank of America warn that in the coming year, hyperscalable cloud computing companies are expected to spend one trillion dollars in the field of artificial intelligence ( AI ), a figure that will exceed that of the tech boom in the 1990s. According to Bank of America's analysis, this expenditure accounts for about 3% of the US GDP, nearly three times the 1.1% during the tech boom of the 1990s, and higher than the 2.2% of the railway boom in the 1870s. Bank of America strategist Sebastian Raedler warns that most past capital cycles "ultimately ended in disappointment." Since the summer, the average AI token price has fallen by about 50%.