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Reporting and discussion about AI & Money, with links to the original sources.
Economist Steve Keen argued that if AI replaces workers, only government money creation can give people income to buy what robots make. Konstantin Kisin said redistribution becomes inevitable if AI does all the work, by whatever mechanism.
Alvin Graylin argues cheaper open models and local computing could erode the cloud revenues that AI data center debt relies on, likening NVIDIA's plan to mobilize over $500 billion in outside financing to subprime lending, as a warning, not proof.
NVIDIA signed memorandums with six financial firms aiming to mobilize over $500 billion for customers' AI infrastructure. On Moonshots, panelists debated whether GPUs can back long-term financing before newer chips undercut their earnings.