The Great AI Bubble: A Cautionary Tale
Last week, the term ‘broligarchy’ joined the ranks of Collins Dictionary’s words of the year, and it’s about to describe a looming crisis: the Great AI Bubble—a trillion-dollar tech tumor threatening the US economy.
Key insights include:
- Critical Voices: Industry experts like Roger McNamee and Gary Marcus expose generative AI as another overhyped Silicon Valley cycle, warning of a potential crash.
- Circular Economy: A Bloomberg graphic highlights a web of debts and deals keeping this bubble afloat, questioning the sustainability of AI investments exceeding $1 trillion.
- Complacent Media: The narrative is perpetuated by media echo chambers, obscuring the risks of unproven technologies.
This isn’t just a financial tale; it parallels deeper societal issues, including the unfolding Epstein scandal.
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