Deutsche Bank: US AI capex to hit $800B, dollar tied to AI race

TREE NEWS reports: Deutsche Bank warned that the US is betting the dollar’s fate on AI, with firms expected to spend about $800 billion on AI capex this year and AI venture funding exceeding $400 billion. The shift from official to private capital inflows raises dollar-stock correlation, eroding its safe-haven status. Tokenization of assets, backed by SEC no-action letters, aims to boost dollar asset appeal but also facilitates outflows.