He has recently made the very good point that actually, the FAANG companies are struggling to put any ROI numbers on that incredible ground-level utility.

Uber, for example, is so unclear there is any ROI, they are cutting their exposure pretty radically.

He points out that one single Anthropic customer — a payments provider — accidentally had to pay Anthropic $500M for one month of token spend.

That is half what Apple is reportedly paying Google for the supply side of their entire consumer AI strategy.

It doesn't matter under Capitalist Realism, the banks were bailed out, the AI companies will be bailed out, and you will pay for it. There is no alternative.