this post was submitted on 11 Aug 2026
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Usually it’s because someone needs the line on a chart to go up… no matter what.
American big tech hasn’t had a breakthrough technology equivalent to PCs, Smartphones, internet, etc. in ten years. Their latest forays into smart Watches, Smart glasses, VR that stupid virtual world Meta pushed… none of it has seen real adoption or growth.
They needed AI to be a hit to continue justifying their stock prices. The only way they can justify their stock prices now is if sales for AI become a 2 or trillion dollar industry. The only way you do that is by replacing humans. Human jobs go away and corps pay for AI tokens instead.
But it hasn’t panned out that way and so far and all you have are AI companies passing around the same dollar and booking it as revenue on their P&Ls. That will work for a little while but it isnt a industry.