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Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’ (fortune.com)

submitted 5 days ago by cm0002@lemmy.zip to c/usa@midwest.social

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The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it's totally not a bubble according to grampa Powell.

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[–] AlexLost@lemmy.world 10 points 5 days ago (1 children)

These fools are lying so often and obviously that they are starting to finally lose their base. They can't even keep their own lies straight.

[–] BanMe@lemmy.world 3 points 5 days ago

We call this the "breathing in one's own farts to admire them" stage