💥 AI MANIA: WHEN DREAMS OUTPACE CALCULATION
🔺 The artificial intelligence boom has morphed into a construction frenzy: tech giants are pouring hundreds of billions of dollars into data centers, chips, and energy infrastructure. The scale is staggering — in just three years, investments have exceeded the entire cost of building the U.S. interstate highway system. A striking example is Ellendale, North Dakota, where amid two motels and a Dollar General store, a $15B AI plant is rising — equal to a quarter of the state’s GDP. 🔺 Optimists compare this moment to the Industrial Revolution, but the core problem is obvious: AI revenue remains minuscule. OpenAI, despite contracts worth tens of billions, will generate around $13B this year. Microsoft, Meta, Amazon, and Alphabet plan to invest nearly $400B by 2025 — more than the Apollo program. Yet most AI chips last only 3–5 years, and demand is limited: corporate clients resist paying more than $30 per month per employee. 🔺 Historical parallels are unsettling. In the late 1990s, te...