Too Big (Not) To Fail
The future of AI is sold as an inevitable clash of abundance or apocalypse, but the money behind these prophesies depends on a gamble. OpenAI and Anthropic have promised to spend hundreds of billions on computing power, while their suppliers help finance the companies paying their bills. That loop connects the AI boom to retirement funds, insurance companies and the price of a new phone. AI’s promised future still has to pay for itself, and we already have money riding on whether it can.
