Here's How AI Debt Binge Sinks the Economy
Despite all the hoopla about Nvidia becoming the
first company valued at over $5 trillion, the listing of Elon Musk’s SpaceX and the looming
initial public offerings of Anthropic and OpenAI, artificial intelligence is no longer primarily a stock market story. It is a story of debt, and that should worry us. Unfortunately, manias fueled mainly by credit almost inevitably end badly.
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