Probably hyperbole on mycodesucks, but the whole AI bullshit alone generated over USD 1 trillion dollars in GDP. USA’s GDP in 2024 was a bit under 30 trillion. Having like 8 companies account for 1/30 of the ENTIRE MONEY SPENT of a country is absolutely nuts, as well as a good reminder of how disconnected to reality GDP alone is.
Is it really generating money if it’s a company spending money it doesn’t have on another company to then pay the original company to provide what was originally promised as a service/product?
Factually speaking, only the debt is “generating” money, since the entire concept of bank loans reside in their capacity of lending more than they actually have and charging interest back.
Regarding nvidia and the companies it is giving money to so they buy its chips, lots of legal loopholes make it count as “totally real investment”. That’s why I said the thing generated said money in GDP, which has little connection to reality.
Probably hyperbole on mycodesucks, but the whole AI bullshit alone generated over USD 1 trillion dollars in GDP. USA’s GDP in 2024 was a bit under 30 trillion. Having like 8 companies account for 1/30 of the ENTIRE MONEY SPENT of a country is absolutely nuts, as well as a good reminder of how disconnected to reality GDP alone is.
Is it really generating money if it’s a company spending money it doesn’t have on another company to then pay the original company to provide what was originally promised as a service/product?
Factually speaking, only the debt is “generating” money, since the entire concept of bank loans reside in their capacity of lending more than they actually have and charging interest back.
Regarding nvidia and the companies it is giving money to so they buy its chips, lots of legal loopholes make it count as “totally real investment”. That’s why I said the thing generated said money in GDP, which has little connection to reality.