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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 month 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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[–] LeeeroooyJeeenkiiins@hexbear.net 3 points 1 month ago

Seeing as the only thing it can do with any degree of guaranteed reliability is pretend to be horny for you i'm not sure what you think that application will end up being