SMRTR AIJun 25, 2026Hacker News

The State of the AI Economy

SMRTR summary

The AI economy is growing faster than any previous tech wave, yet remains early enough that major expansion is still ahead. A new bottom-up reconstruction of real customer spending — with no double-counting — shows AI revenue is barely keeping pace with the massive infrastructure costs required to support it. Future growth depends on how quickly prices drop, demand rises, and AI delivers genuinely useful intelligence per output.

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