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Yes: "What makes the current situation distinctive is that AI appears to be propping up something like the entire U.S. economy. More than half of the growth of
by ForHackernews 1y ago
Yes: "What makes the current situation distinctive is that AI appears to be propping up something like the entire U.S. economy. More than half of the growth of the S&P 500 since 2023 has come from just seven companies: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla."
https://www.theatlantic.com/economy/archive/2025/09/ai-bubble-us-economy/684128/?gift=HLOKkW3uo7UNe883ugE5GPV1aXxwSwnn8Q_HWaFsS_Q&utm_source=copy-link&utm_medium=social&utm_campaign=share https://www.theatlantic.com/economy/archive/2025/09/ai-bubbl...
- dragonwriter 1y agoThat's not really “AI propping up the entire US economy” so much as it is the AI bubble overlapping with and (very temporarily, likely) masking, in aggregate terms, a general recession. If AI was actually propping up the broader economy, then it would be supporting other industries and the gains wouldn’t be hyperconcentrated and isolated to a small number of AI firms and their main compute hardware supplier.