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Jul 13 2026 Without Subsidies, AI Is Unaffordable
Charles Hugh Smith
Let’s pull all this into an undeniable conclusion: AI is based on massively subsidizing users’ costs.
What’s already abundantly clear but verboten to say as it would pop the bubble of AI valuations and triumphalism is that AI is unaffordable once the direct and indirect subsidies are withdrawn. Nothing that consumes this much electricity… Continue reading