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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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[–] AlexLost@lemmy.world 7 points 14 hours ago (1 children)

These fools are lying so often and obviously that they are starting to finally lose their base. They can't even keep their own lies straight.

[–] BanMe@lemmy.world 2 points 14 hours ago

We call this the "breathing in one's own farts to admire them" stage