Why AI Is a Bubble
SMRTR summary
American companies are spending over $500 billion annually on AI infrastructure while generating only $12 billion in consumer revenue. OpenAI lost $38.5 billion in 2025 despite tripling its revenue. Circular financing between Nvidia, Microsoft, and OpenAI masks deep structural fragility that could trigger financial contagion far beyond the tech sector.
SMRTR provides this summary for quick context. The original article belongs to Hacker News.
Read the original article