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The entire US stock market and economy is being prompted by AI since 2022. I think that the Economist posted some months ago a study that indicated that withou
by epolanski 1y ago
The entire US stock market and economy is being prompted by AI since 2022.
I think that the Economist posted some months ago a study that indicated that without datacenter capex booming the US economy would otherwise be flat.
At some point there will be major shakeups.
- zerosizedweasle 1y agoIt's just gotten so out of hand that there are multiple levels of pain. There's all the debt financing / private credit deals on infrastructure costs that will be defaulted on. There are the losses that most people will feel when the overvalued shares drop. There is the pain of tech companies having spent so many resources with very little in terms of viable revenue streams. It's gonna hit a lot of places in the economy.