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Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’ (fortune.com)

submitted 1 day ago by cm0002@lemmy.zip to c/usa@midwest.social

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The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it's totally not a bubble according to grampa Powell.

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[–] chonglibloodsport@lemmy.world 5 points 11 hours ago (1 children)

Those are all shovel sellers. People stop buying shovels when the gold rush goes bust.

[–] Tollana1234567@lemmy.today 1 points 1 hour ago

more like, they are hoping IRON pyrite(fools gold) would be innovating as good as normal good or better.