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Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’ (fortune.com)
submitted 1 year ago by to c/usa@midwest.social
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The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it's totally not a bubble according to grampa Powell.

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[–] 11 points 1 year ago

Pretty sure Pets.com had earnings, too.

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