Stratechery · Ben Thompson ·

Big Tech's AI boom echoes the 1870s railroad buildout, and Nvidia shifting risk to institutional capital may expose investors if AI revenues fail to materialize

On January 1, 1870, Jay Cooke, hailed as an American hero for his role in financing the Union effort in the Civil War …

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Big Tech's AI boom echoes the 1870s railroad buildout, and Nvidia shifting risk to institutional capital may expose investors if AI revenues fail to materialize

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Financial Times: Financial Times

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Bloomberg: Bloomberg
Marcus on AI: Marcus on AI

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