Intro

The AI boom is a bubble and more important: when it’s most likely to finally pop.Venture capitalists and governments have invested almost a Trillion dollars in AI tech and infrastructure which has translated to AI companies being responsible for 92% of the stock market growth in 2025. Both the biggest AI boosters AND its most ardent detractors agree that the bull run will end in radical changes to the economy, politics and maybe even human civilization. alt title: Is the AI Boom the Biggest Ponzi Scheme in History?Get Early Access on Substackhttps://sgcarney.substack.com/