Breaking news, and how the end might begin
Gary Marcus and Steve Eisman discuss the potential collapse of the AI industry, likening it to the subprime mortgage crisis. They express concern that companies like OpenAI are burning through cash rapidly and may struggle to secure future funding, especially given recent controversies surrounding Sam Altman's trustworthiness. Eisman suggests that if end-users refuse to pay for AI services, the entire machine could grind to a halt, similar to how the housing market collapsed. AI
IMPACT Raises concerns about the sustainability of current AI business models and the potential for a market downturn.