cm0002@lemmy.zip to United States | News & Politics@midwest.social · 3 days ago

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’

150

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’

cm0002@lemmy.zip to United States | News & Politics@midwest.social · 3 days ago

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

However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.

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.

Chat

PunnyName@lemmy.world
link
fedilink
arrow-up
3·
3 days ago
Invest in global market index(es). At least try to diversify so that it’s not all S&P 500.

United States | News & Politics@midwest.social

usa@midwest.social

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !usa@midwest.social

Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

No memes/pics of text

Post news related to the United States.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

403 users / day
2.34K users / week
5.54K users / month
13.3K users / 6 months
82 local subscribers
3.45K subscribers
9.61K Posts
47.6K Comments
Modlog