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Adam Tooze: AI boom fuelled by trillionaire greed and junk bonds
Original: As Adam Tooze points out: 'Today’s world-threatening technologies are fuelled by trillionaire greed, junk bonds & jerry-
Economist Adam Tooze argues that the world-threatening technologies of today, particularly artificial intelligence, are being driven by trillionaire greed, junk bonds and improvised financial engineering. He contends that the real danger is this debt-financed tech speculation, not the 'big government tax and spending' risks often invoked by critics. Commenters are sharing the argument as a counterpoint to mainstream fiscal concerns.
Why now: Concerns are mounting over whether the AI investment boom is being financed by dangerously speculative debt.
Adam Toozeartificial intelligence
Evidence
- As Adam Tooze points out: 'Today’s world-threatening technologies are fuelled by trillionaire greed, junk bonds & jerry-rigged financial engineering'.... Our biggest worry shouldn't be an out of control 'tax & spending' big govt. ( a threat only in the fevered minds of the… · ChrisMayLA6@mastodon.me.uk · 12
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