alt Hacker NewsDoes it weaken the US though? It weakens the big providers but most of the economy is in companies buying and this helps them save money.
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Avicebron • yesterday at 5:55 PM
Isn't most of the economy riding on the stock of these handful of companies though?
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elictronic • yesterday at 6:15 PM
GDP growth in the United States is in AI and healthcare. AI capital expenditure is around 5% of total US GDP. Housing right before the 2009 market collapse was around 6.7%.
Biggest issue I see is housing has more real value than AI expenditure. Demand is real and isn't based purely on a few companies valuation or marketing spin. Nearly 2 decades later we still haven't caught up to construction rates before the 2008 collapse. When the bubble pops it's going to really suck.
Yes, it damages its image, this is further made evident given the amount of propaganda that follows each time. Why would you invest in claude or codex if you just read how China's stuff is better?