The other day on this blog, I was warning about how AI companies don't seem particularly likely to ever attract the level of mass consumer demand they would need to pay off the extraordinary amount of debt they are taking on to build their products.
This seemed like it could lead to either of two outcomes; both of them bad. On the one hand, the bubble could burst, once investors realize there is not enough revenue forthcoming to justify this capital expenditure; on the other: the government—captained by our current AI-friendly White House—could wade in to try to fill the gap by stimulating demand for AI services artificially.