If AI companies were “burning cash” that would significantly increase the amount of total circulating money. “Burning cash” in this context means “spending money very quickly,” and that is the definition of circulating money. The fact that the AI companies are not burning cash, but instead signing complicated deals passing around promissory notes for future revenues, is what makes it look like a capital strike.
If AI companies were “burning cash” that would significantly increase the amount of total circulating money. “Burning cash” in this context means “spending money very quickly,” and that is the definition of circulating money. The fact that the AI companies are not burning cash, but instead signing complicated deals passing around promissory notes for future revenues, is what makes it look like a capital strike.
Or in layman’s terms, they are pulling an “Enron”. But of course we don’t regulate that anymore
What if “burning cash” wasn’t a metaphor? The grift collects cash. Then there is a pit surrounded by stones and a significant pyre?