World War AI --- Why we need an AI war to divert our hard-earned money into AI data centers [View all]
so the elite can profit, and never fail, because we idiots are going to back their debt.
Sure sounds better than food, education and medical care!!
https://www.epsilontheory.com/world-war-ai/
Here's why the "industry" is an illusion, a shell game.
Sarah Friar (OpenAI CEO) didn't 'misspeak' when she called for a federal backstop -- by which everyone means and intends a US Treasury guarantee -- on AI datacenter debt issuance, and she didn't need to 'phrase things more clearly'. She used exactly the right word to describe exactly the policy that OpenAI and Wall Street and every other participant in this $10 trillion ouroboros (1) ecosystem desperately wants and frankly requires for this massive reallocation of capital to have a chance of succeeding.
Way more at the link.

(1)
https://en.wikipedia.org/wiki/Ouroboros
The ouroboros or uroboros is an ancient symbol depicting a snake or dragon eating its own tail.