This is simpler than you think. AI is a bubble. It is a giant bubble.

Many people, including many government workers, are getting rich right now by riding the bubble. They and their funders have zero interest in worrying about what will happen when it bursts.

(Also, AI is vaporware. It can’t replace workers in huge numbers. So nobody serious is actually worried about that… Of course there are some occupations that have shifted, but far fewer than you would expect.)

This is not news. The president has lost his mind, we all know it, and reporting on one of his rants on its own is almost never newsworthy.

This is a title that’s factually true, but in reality highly deceptive. The AI companies are riding bubbles and the prices they decide don’t reflect the actual cost of anything. That’s what a bubble is. So the title should read that the AI companies are gouging some of their customers because they can.

I think it’s simpler than that. I think the AI snake oil sales people realized that corporate executives want to give themselves bonuses. And if you propose this magical technology, that’s going to change everything, they can pretend for several years but it’s actually going to change everything, and pay themselves a lot of money in the meantime.

It’s greedy people relying on other greedy people so that some of them can get richer.