New ask Hacker News story: The AI bubble has nothing to do with AI
The AI bubble has nothing to do with AI 6 by AIFairy | 0 comments on Hacker News. The endless chatter about an "AI bubble" bursting focuses on whether ChatGPT subscriptions or enterprise API calls will ever generate enough revenue to justify the trillions in hype. But that's missing the point entirely. Even if every frontier lab, OpenAI, Anthropic, xAI, Google DeepMind, suddenly had zero paying customers tomorrow, the financial machinery driving the so called "AI revolution" would keep spinning, largely unchanged. Here's why: The core scheme isn't powered by current product revenue but rather a massive, parallel bet on future dominance in compute, energy, data, and geopolitical positioning. The real money flow looks like this: Hyperscalers (Microsoft, Amazon, Google, Meta, etc.) are pouring hundreds of billions annually into data centers, GPUs, and power infrastructure, not because their AI features are printing cash today (most aren't profitable ...