GDP, debt
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The US government and the AI industry are both betting on debt. They are drawing from the same pool.
US debt hits 100% of GDP for the first time since WWII. Interest payments top $1 trillion. Big Tech's AI capex tops $690B. Both are financed with debt from the same pool.
If the U.S. defaults on its debt, the government would fail to meet its financial obligations to bondholders. This would trigger widespread economic disruption. While the U.S. has never fully ...
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