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
fortune.com
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.

  • KelvarCherry@lemmy.blahaj.zone
    1·
    2 days ago

    Just get Trump to shill it to his base; Like $TRUMP and $MELANIA and $TUAH and the golden “It’s Trump Time” watches and the Trump phone. Real patriots buy Open AI.