The AI Bubble That Isn’t There
SMRTR summary
Michael Burry warns of an AI bubble, but this comparison misunderstands AI's fundamental nature as energy-driven infrastructure rather than traditional software. Unlike previous bubbles built on speculation, AI operates on thermodynamics and real contracted demand, resembling historical infrastructure buildouts like railroads and electricity that initially appeared irrational but rebuilt civilization's substrate.
SMRTR provides this summary for quick context. The original article belongs to Forbes.
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