comparing ai to previous tech boom/busts (eg railway, telecom capex) just doesn’t make sense to me we’re not just talking about a single monolithic tech sector here, we’re talking about leveraged human intelligence aka you can use ai to accelerate literally everything so if we assume the end-goal is this, then the capex being spent today (2% of US GDP) is not insane, in fact it’s probably not even enough whatever this bubble this, it’s going to get much, much larger. To a point where no one’s calling it a “bubble” because every historical comparison has fallen short.

happy Sunday evening read