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DHH argued Facebook couldn't monetise. I'm not arguing Anthropic can't monetise. I'm arguing the debt structure financing AI infrastructure creates systemic ris
by heavymemory 7mo ago
DHH argued Facebook couldn't monetise. I'm not arguing Anthropic can't monetise. I'm arguing the debt structure financing AI infrastructure creates systemic risk regardless of whether individual companies succeed. Cisco survived the dot-com bust. The bondholders who financed the fibre didn't