Why?
Isn't it all vendor financing with private capital?
The loss is private, not public.
Isn't it all vendor financing with private capital?
The loss is private, not public.
How so?
stlouisfed said AI companies accounted for around 4% growth of US' GDP in 2025. Not 2008 catastrophical, specially because there's little public debt involved.
The actual productivity boost from using AI is there, but its diluted in slop + it's not like AI will disappear if things go south. Chinese models and discounted GPUs will be great for local setups and startups.