Bubble bubble, toil and trouble - Pop!

Based on this article by Victor Tangermann at Futurism.

Fueled by a tsunami of hype, AI companies are unleashing a spending blitz that eclipses the dot-com era, injecting tens of billions into infrastructure each quarter. This unprecedented spending spree is now single-handedly propping up the U.S. economy; in fact, one stunning analysis shows AI capital investment has driven more growth this year than all consumer spending combined.

Yet, this entire boom is built on a precarious foundation, with experts warning of a colossal bubble as companies have yet to prove a clear path to profitability, creating a fragile "house of cards" that could devastate the economy. With regulators largely on the sidelines, the fate of the U.S. economy is now tethered to a single, multi-trillion-dollar gamble: whether AI will deliver on its revolutionary promise, or if the entire boom is just a catastrophic bubble waiting to burst.

Check out the article here.

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