AI prints money

Friday 6 September 2024

The Market Ear on the AI money printer.

This is not a bubble

Goldman and BlackRock are both out with “thought-pieces” defending Tech in general and AI in specific. It is definitely not a bubble…..And at the same time Ilya raises $1bn at $5bn valuation with no business plan.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.