alt Hacker News> I think it's crowding out investment in things like housing.
In what way is building homes competing for the same dollars as investing in startups or in listed companies?
> I think it's crowding out investment in things like housing.
In what way is building homes competing for the same dollars as investing in startups or in listed companies?
In the same way that bonds compete for investment dollars that would go into the stock market. The stock market has been going up only for AI companies, meaning all the money is flowing there.
If AI didn't have the hype, those marginal investment dollars driving up AI stock prices, they'd be flowing in to other uses of the capital, some of which I believe would be far more productive.