Hartmann: "They Blew Up the Debt, Stalled America's Future, and Stuck You With the Bill"

[bucolic_frolic]

5. Now GOP funnels Multi-Trillions to corporations

AI will bankrupt us all. Finance analysts say some of these AI tech companies are betting their entire company on making AI profitable. They can't all be profitable. I'd bet none of them will be profitable. Common to see $150 billion bets on AI. That's like more than a decade of profits for these companies. Loading themselves with debt.

A comparison I saw recently ... when frequent flyer miles were introduced to airlines, everyone thought it was great. Companies saw a way to steal competitors most envied travelers, those who often flew first class. But in the end, it didn't deliver for the airlines because they all did it. There was no competitive advantage to frequent flyer miles. You did it to compete, not to make money.

Sound like AI? If every company has it, can they grab market share and charge customers? Won't those AI companies who fall behind cut prices?

So in the end .... red ink! This is the way you defeat AI.