Show Notes
Why are executives of AI companies, like Anthropic CEO Dario Amodei, suddenly warning that artificial intelligence poses an "existential risk" to humanity? And why did Donald Trump invite Big Tech billionaire oligarchs to the White House for a "morally binding" agreement to "self-regulate"?
There are more and more signs that the AI bubble is getting dangerously large, and could pop soon. Corporate insiders want to cash out before it's too late -- and the US government is helping them. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=fsFHQ81nMHk
Topics 0:00 Does AI pose existential risk? 1:42 Trump meeting with Big Tech CEOs 3:19 AI is in biggest bubble in history 4:09 IPOs of Anthropic and OpenAI 5:28 China is now leading in AI 6:53 Silicon Valley wants to ban Chinese AI 8:30 Trump warns of AI race with China 9:09 Data centers push up electricity price 10:01 Anthropic is losing tons of money 10:57 OpenAI has huge losses 11:34 Only 2% of US households pay for AI 12:34 AI industry delusion: 9% of GDP 13:45 AI bubble is largest ever 14:29 US economy in recession, excluding AI 15:16 Circular financing of AI companies 16:27 Hyperscaler capex exceeds $1 trillion 17:25 Debt of AI companies is growing 17:59 US bond yields rise rapidly 19:00 AI companies taking on more debt 20:29 Michael Burry warns bubble may pop 21:38 US stock market concentration 24:13 Buffett Indicator: 235% of GDP 25:07 Anthropic's cynical marketing 26:06 Largest IPOs in history 27:47 SpaceX stock crashed after IPO 28:31 US government denies bubble
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