How the AI Bubble is Propping Up the U.S. Economy

Must view video, folks.  May be the most important 4 1/2 minutes of your life!

“AI is most likely both a bubble and eventually going to be the most important technology of the 21st century.”

The biggest hyper scalers…the big tech companies, like Meta and Microsoft are spending hundreds of billions of dollars, maybe up to $400 billion this year, on the infrastructure to build Artificial Intelligence…Last quarter, spending on Artificial Intelligence added more to GDP than total consumer spending…That statistic is completely crazy, consumer spending is 70 percent of the economy.  — Dereck Thompson

Click here to view the excellent video

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3 Responses to How the AI Bubble is Propping Up the U.S. Economy

  1. Unknown's avatar Anonymous says:

    the link to the video doesn’t work, Gary.

  2. Pingback: Uncle Sam’s AI Bubble | Global Macro Monitor

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