To justify today’s data center buildout, AI would need to bring in about $3.5 trillion a year by 2032, per a new Brookings paper. That’s 8.8% of U.S. GDP, nearly as much as Americans spend on food (9.1%), and far more than on energy (5.1%).

So half the S&P 500 earnings growth is this operating loss, 10-20% phantom equity valuations on hyperscaler books, and the rest is inflation? Cool.

when did you first realize that Elon was a grifter? for me, it was the “verbal government approval” of a hyperloop back in 2017

The AI bubble is circular financed and driven entirely by private credit + baby boomer retirement savings. There is nothing profitable about it and when it fails, there will be nothing of value because the GPUs are obsolete and power hungry after 3 years. It isn't the future, it's the greatest con ever performed on the American people and the government is part of it.

Turns out the future does have flying cars

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