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Generative Ai is waging a war on financial sanity:
"Between 2001 and 2014, the wars in Iraq and Afghanistan cost the US an estimated $1.5 trillion to $1.7 trillion in direct spending. Global AI spending, according to Gartner, is forecast to reach nearly $1.5 trillion this year, putting today's AI boom in the same cash-burning league as two major wars."
I'd say the the pace of Ai spending is in a league of its own.
When this bubble bursts -- as it soon will -- the effects will be far reaching.
Will the perpetrators get off unscathed while the rest of us underwrite their escape?
https://www.theregister.com/2025/12/24/ai_spending_cooling_off/
#Economics #PoliticalEconomy #Ai #Bubble