Part 7/12:
Financial insights reveal a troubling reality: major tech companies, like Microsoft with its investments in OpenAI, are burning billions of dollars on AI ventures that are not yet profitable. Experts warn of an impending collapse, labeling the current AI funding frenzy as a gigantic Ponzi scheme—relying on continuous investment inflows to sustain inflated valuations.
The narrative describes the AI economy as a “bubble,” with a handful of corporations controlling vast wealth while the rest of the economy risks falling into a depression if the bubble bursts. The financial instability is compounded by the secretive, almost arcane, nature of AI investments, reminiscent of a high-stakes game that only the privileged few understand.