Summary from the original article
Circular financing, heavy debt and concentrated wealth make today’s AI investment boom look risky, and governments should plan for a possible crash
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Upgrade this serverTo limit the inflationary and interest rate impact, governments should be cutting unproductive spending to make space for the private sector’s AI splurge
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Circular financing, heavy debt and concentrated wealth make today’s AI investment boom look risky, and governments should plan for a possible crash
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We have an AI crisis, I agree. But it isn’t the one you might think. Yes, the UK has a staggering unemployment problem.
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