- Essays··8 min read
the kernel of truth and the trillion-dollar bet
A bubble is not the same thing as a lie. There is a real technology, it gets oversold, and the financing built on the overselling becomes the actual fragility. The right question isn't whether AI is a bubble — it's who's holding the debt when demand disappoints.
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Two Hundred Million to Study the Wave You're Making
A frontier lab has priced in the scenario where its product makes office work unnecessary — and is funding the academics who'll help governments respond. Adoption is wide; realisation is narrow. The gap is now numerical.
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