Matteo Wong and Charlie Warzel, writing at The Atlantic:
It’s clear that AI is both drowning out and obscuring other stories about the wobbling American economy. That’s a concern. But even worse: What if AI’s promise for American business proves to be a mirage? What happens then?
The detail on how companies are structuring the debt they're taking on to build data centers is interesting, and scary. The financial engineering around the AI boom is all too reminiscent of other boom/bust cycles, so I guess we just have to hope to dodge the bust this time.
Here’s How the AI Crash Happens
The U.S. is becoming an Nvidia-state.