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Posted on 07/06/2026 9:21:32 AM PDT by millenial4freedom
A draft report inside the Treasury Department is set to warn of the risks posed by the artificial intelligence market, likening key aspects of it to the dotcom bubble that upended the U.S. economy when it burst in the early 2000s.
The document, the existence and contents of which have not been previously reported but was obtained by NOTUS, is a significant departure from the Trump administration’s public tone, which has focused on encouraging unrelenting investment to unlock exponential growth.
Career Treasury analysts found that AI firms are more deeply entrenched in the U.S. economy than their dotcom predecessors and pose significant risk to the entire system if financial conditions change, productivity goals are missed or various choke points stymie growth.
A downturn in the AI market would send shockwaves throughout the entire economic ecosystem, the analysts wrote.
The report concluded that the AI bubble’s popping would lead to less of an immediate crash than the U.S. economy experienced with dotcoms in the early 2000s. But the analysts predicted that companies would cut back, investors would lose confidence, and the economy would grow more slowly should the industry falter. Stock markets, private credit markets, companies financing data center buildouts, cloud providers, chip manufacturers and utilities would all feel the effect, according to the report.
(Excerpt) Read more at notus.org ...
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well where else are billionaires gonna put thier $ into? Bitcoin? I think allthe suckers are realizing that now.
Major Companies Throttle Employee AI Access as Costs Exceed Budgets
Ya think?
I see more people recognizing that this is a huge bubble. Good.
the AI craze is definitely reminiscent of the dot com bubble ...
bttt
AI DOES NOT DO:
MY LAUNDRY
MY DISHES
MY VACUUMING
FEED MY HORSE MULTIPLE TIMES A DAY
PICK UP MY MAIL
MY GROCERY SHOPPING-—DO IT ALL MY SELF.
In fairness to AI, your horse does not do any of those things either, although maybe it can feed itself if left in the pasture :)
The widely available software I use - Microsoft Bing (Search) and Microsoft Copilot - is very helpful, on a wide range of topics.
It answers most current event and history questions correctly, and it provides helpful explanations for science, engineering, and financial subjects.
My first year cost around $125.
I think I renew in a couple months, at more than $200, but that includes an entire package of other software, too.
The main reason Microsoft stock is performing badly in 2026 is because millions of users - like me - refuse to give up our Windows 10 platform, which still works flawlessly.
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