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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 3 weeks 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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[–] Tollana1234567@lemmy.today 1 points 2 weeks ago

the customers being only other CEOs and middle managment, whom try to reduce headcount/excuse to fire people. on some of the subs they discussed how the offshored tech indian teams are not as good as the ones in the west(EU, South america, and USA)