The AI boom is driven by the belief AI makes companies so productive that they’ll lay off employees and spend the money saved on Anthropic & OpenAI tokens.
Thus requiring hundreds of billions in loans to build data centers to support the demand.
It’s a bubble if any of these assumptions are false.
@carnage4life There are somewhat different outcomes if people buy ~fungible tokens, in which case the data centers can provide them, but the owners of the data centers become less relevant.
@carnage4life we just had an election where people were clear they needed better jobs and lower energy costs so ...
@carnage4life even if they’re correct, what happens when all the people who’ve been laid off stop spending money? Or when all the B2B companies no longer have any human customers? You can’t make huge portions of the population redundant without massively bad societal consequences.