A draft US Treasury report (via NOTUS) compares the AI boom to the dotcom bubble. Its analysts warn AI firms are woven deeper into the economy than dotcom was, so a crash would hit banks, markets, chips, and power. But these firms are more profitable than in 2000. aiweekly.co
"The U.S. Treasury just quietly compared the AI boom to the dot-com bubble. It's in a draft internal report obtained by the news outlet Notice that hasn't been released yet. Their own analysts found that AI firms are woven deeper into the economy than the dot-com companies ever were. So, if financial conditions shift or the productivity payoff never shows up, the danger doesn't stay in tech. A downturn would send shockwaves through banks, hedge funds, the stock market, chip makers, and the power grid. The same report is careful to say this isn't 2000. These companies are more profitable, with healthier balance sheets. And the people who would have to clean up a crash are the same ones quietly writing the warning. AI Weekly. Follow for the AI stories that actually matter."
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A draft US Treasury report (via NOTUS) compares the AI boom to the dotcom bubble. Its analysts warn AI firms are woven deeper into the economy than dotcom was, so a crash would hit banks, markets, chips, and power. But these firms are more profitable than in 2000. aiweekly.co