refmon posted... The AI bubble is the only thing keeping the US economy together
Except its simply not true. Q2 GDP grew at a 3.8% annual rate, fueled by strong consumer spending. (The clients for these AI tools are mainly corporations, not mom & pops.) Q3 is currently tracking for another 3%+ gain.
Whats going to happen when it pops?
They will get bailed out. When the first IT bubble popped in 2000, the Federal Reserve (central bank) lowered interest rates from 6% to 1% despite mild effects on the broader economy. Congress will likely pass a multi-trillion dollar stimulus package to bail out Big Tech because theyre too big to fail.