Earlier quoted context omitted.
I think my theory into contagion would be that There’s been lots of talk about these companies starting to rack up debt, and I think AI is so tied into the US GDP that things like - If the stock market crashes, there’s lots of talk about how wealth and debt are interlinked. Could the crash be general enough to start calls on debt backed by stocks. My recollection in 2008 was that we didn’t learn about how bad it was…
> Combine this with the fact that AI is like what - 30% of the US economy? Magnificent 7 are 60%? Nowhere close. US GDP is like $30 trillion. Open AI revenue is ~$4 billion. All the other AI companies revenue might amount to $10 billion at most, and that is being generous. $10 billion/ $30 trillaion is not even 1%. You are forgetting all those "boring" sectors that form the basis of economies like agriculture and ene…
The Open AI revenue was ~$4 billion for the first half of the year; Anthropic recently reported a rate (which isn't total revenue, I know) equivalent to about $10 billion/year; NVIDIA's sales are supposed to be up 78% this quarter due to AI sales, reaching $39.33 billion, so plausibly ($39.33/1.78)*0.78 ~= $17 billion from AI in that quarter (rate, again yes I know, of $68 billion/year). So I can believe AI is order-of $100 billion/year economically… to US businesses with customers almost everywhere important except possibly China.
But just to re-iterate, this doesn't change your point. Even 100 B / 30 T is only one third of a percent.