How the AI Bubble Will Pop

The AI Bubble That Could Burst The Economy

This is a web version of The Lever’s daily email newsletter. 🔥 New on Lever Time: Are you on the FBI’s new watchlist?👇 Spend three minutes reading this 999-word newsletter to learn about:The MAGA priorities getting funded through the shutdown.Which state’s pensioners are in the dark about their retirement.Why Trump is already being taken to court over the shutdown.The dark side of the AI hype. SPONSORED One app for all online security needs. …

How the AI Bubble Will Pop

Derek Thompson: “Some people think artificial intelligence will be the most important technology of the 21st century. Others insist that it is an obvious economic bubble. I believe both sides are right. Like the 19th century railroads and the 20th century broadband Internet build-out, AI will rise first, crash second, and eventually change the world.” “The numbers just don’t make sense. Tech companies are projected to spend about $400 billion th…