Reposted by Stacey Vanek Smith
Really enjoyed this piece by @jaredb-econ.bsky.social and @weakinstrument.bsky.social [not the only ones to make this point, but nicely argued]
An interesting question is whether this is just setting shareholder value on fire, or inducing bigger problems
econjared.substack.com/p/ai-compani...
econjared.substack.com
AI Companies Are In a Race Against Time
They may disemploy us; they may wipe us out. But right now, their lack of profitability underscores our bubble case.