oinari

the market that’s financing all of this – the bond market – is mostly shrugging its shoulders while the stock market is in the midst of a mild freakout. Lenders have been lining up to take on Big Tech’s debt to pay for the technology that’s reshaping the global economy.

That means the questions the market seems to be asking about AI – will Big Tech keep growing its spending? (it most certainly will) and will AI will turn a profit anytime soon? (doesn’t look like it) – are the wrong ones.

The real question we should be asking about AI is: How much longer will the bond market sustain the nonstop spending spree?

That will ultimately dictate whether AI turns into a success or a bust.