AI consumes jobs, capital, and entire industry layers — and returns very little to the broader economy. Even the organizations building it are not immune. The black hole takes everything.
OpenAI’s new GPT-6.1 Terra suggests that choosing an AI model may soon have less to do with finding the smartest machine and more to do with choosing the right one for the work in front of you.
Torsten Slok’s autopsy of enterprise AI spending reveals a stark divide: while hyperscalers book record margins, the S&P 493 sees stagnant productivity and zero bottom-line ROI.
Elon Musk says debt markets have quietly changed their posture toward neocloud companies. Apollo's chief economist says AI has delivered zero financial payoff to most of corporate America. They were not talking to each other. They were describing adjacent territory.
Silicon Valley's AI executives arrived in Washington carrying two contradictory stories: the promise of a golden age, and the warning of an approaching apocalypse. Washington has heard enough of both.
Washington's message to AI executives is blunt, bipartisan, and overdue: stop cycling between utopian boosterism and existential doom, and start building public trust before you burn what's left of it.
