"Astonishingly Large Numbers": It Will Take $5 Trillion To Fund The AI Cycle, And The US Government Is On The Hook For Over $1 Trillion
The AI revolution started when ChatGPT (version 3.5) was first launched for public use on November 30, 2022, and for the subsequent three years, there were at best only sporadic questions about how this technology would be funded.
In the beginning it was understandable: awareness and adoption was modest, the capital outlay to develop and implement it was reasonable and would be covered entirely with cash from operations. But then, as use of the technology grew (primary among school/college-age students who used it to cheat on their essays and homework assignments), as AI was incorporated into everything from simple chatbots, to complex agents which replaced menial tasks and have led to the first wave of AI-inspired mass unemployment, to virtually every software product suite available, the costs associated with this backbone of the "next technological revolution" skyrocketed, and the result was an explosive growth in capital spending which has grown exponentially over time.
