Brutkey

Charlie Stross
@cstross@wandering.shop

"The way I see it, during any given period the market is driven by a narrative, positive or negative. The current narrative is strongly driven by optimism about AI. And it takes a major shock to change a market narrative.'

And Krugman goes on to note that investment in AI data centres accounts for about half of all US economic growth in 2025.

AI winter is coming. And then there will be a depression. (NB: that's me, not Krugman.)
https://mastodon.social/@rbanffy/114981848940676725