> 1. Big tech was just using profits to buy back shares before AI build out. Would you rather they buy back shares with their profits or finance the AI build ou

> 1. Big tech was just using profits to buy back shares before AI build out. Would you rather they buy back shares with their profits or finance the AI build out? This statement is factually wrong. AI isn't financed by profits, it's financed by debt - the "$300B AI exposure off balance sheets" in the title refers to debt. The buy-back grift isn't legit either, but it's not as a damaging as the AI buildout. > My theories on why people are so anti-AI: 1,2,3 Wrong theory again. The sky-high AI debt causes inflation, asset extraction and market scalping by front-running it. The opportunity cost prevents the rest of the economy from allocating capital to competing ventures and from increasing capacity - part of the reason for inflation. That's what an honest economics analysis would tell you. > 2. If there is an AI bubble, great, when it pops, we'll all have ultra cheap tokens Wrong again. We already have ultra-cheap tokens from China but the bubble continues unimpeded, feeds on inflation and if that's not enough, bailouts are certain. Inflation is a way to silently pop the bubble at the expense of consumers leaving the perpetrators whole, that's where it's all going.