For the better part of two years, artificial intelligence technologies have been a nonstop gift for US equities investors. The Nasdaq 100 Index rose 92% from the start of 2023, adding more than $14 trillion in value and minting billions for a handful of tech executives and founders.
Why are free market enthusiasts panicking? I thought competition was supposed to bring about the best results? Or was that just a load of bullshit to let domestic monopolies control everything?
Why are free market enthusiasts panicking? I thought competition was supposed to bring about the best results? Or was that just a load of bullshit to let domestic monopolies control everything?
they are panicking because they backed the wrong horses