AI is a nothingburger, it's just the latest capital flight. Undeployed capital needs to go somewhere and this time it's AI, last time cryptocurrency, before tha

AI is a nothingburger, it's just the latest capital flight. Undeployed capital needs to go somewhere and this time it's AI, last time cryptocurrency, before that metaverse. One might reasonably ask why these bubbles keep getting bigger and bigger and the answer to that is almost entirely USA government policy which is to squeeze labor and expand capital at every opportunity.