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I’ve been doing a little miniseries on AI this past week. In one of those pieces, I emphasized that one big issue for these companies pouring billions of dollars into data centers and AI expansion is that they don’t have a monopoly on what they are offering — so they are really unlikely to earn their investments back. This is the key to the expected AI bubble popping. And, hey, maybe one or two companies do come out of it with a monopoly, but right now it looks like they’re all heading for a financial crisis. One commentator on that article, Leo Breevoort, offered up a really interesting take on this and how the AI industry in the USA compares to the AI industry in China and how it’s being developed. The comment is broader than the AI industry, touching on how businesses and industries are developed in general. I found it to be a fascinating series of thoughts, especially reflecting on how the solar and EV industries have been developed in China. Here’s the full comment:
