I also comment on X.com at https://x.com/Aunindyo2023
And you can find companion pieces on my substack: https://substack.com/@aunindyo
The entire AI race is based on a simple lie. And it made Elon Musk the world’s first trillionaire. That is the claim that the addressable market for AI is $26.5 trillion dollars. It is what Aswath Damodaran, the Dean of Valuation, calls a HALLUCINATION!
00:00 — The $26.5 Trillion AI Illusion
02:40 — Historical Bubbles and the BIS Warning
04:03 — The Unprecedented Scale of AI Compute
05:53 — Big Tech is Running Out of Cash
08:36 — The Sequoia Formula: The $1.5 Trillion Revenue Gap
11:11 — The Corporate Debt Trap & Private Lending Contagion
15:15 — The Dirty Secret: $1.8T in Hidden Accounting Loopholes
17:52 — Triggering the Next Global Financial Crisis
Credit to : Aunindyo Chakravarty