The greatest capital misallocation in history?

In an analysis of the crazy spending on AI infrastructure, MarketWatch just quoted a tweet from yours truly:The very fact that my warnings, technical and economic, are at long last starting to break through (Last Week Tonight on Sunday, MarketWatch today, and so on) is a strong sign that times are changing, and that skepticism is rising.As it should.Marcus on AI is a reader-supported publication; we have never taken ads. Please consider becoming a subscriber, free or paid, to show your support.

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