Part 2 turns to the money and the fallout: the investment thesis built on scaling, the cracks already showing in enterprise adoption and revenue, the concentration and debt risks historically consistent with bubbles, and the distributional question of who absorbs the loss, retirement savers, regional economies, displaced workers, and democratic institutions.
This is the audio edition of When the Music Stops: The Architecture, Fragility, and Human Cost of the AI Boom, presented in three parts. The full written whitepaper, with references and intellectual foundations, is at jamesmaconochie.com.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit jamesmaconochie.substack.com