The Cardinal Sign of a Bubble: Supply-Side Gluttony

Part 1 of The Heretic’s Guide to AI’s Stars

Folly.

Folly makes money. Creative destruction and manic folly are exactly why the U.S. is the center of innovation in the world. Companies are allowed to innovate themselves to death. And ever more spring up to do the same. Sometimes the new company is the same company on a pivot, and sometimes the dominant company today had a doppelganger with nearly t…