AI Promises Moon, Drinks Water, Costs More Than Your House

Big Tech just threw $400 billion into AI this year—enough cash to buy every Tesla painted like Elon Musk’s dreams of 'universal high income' and infinite Wagyu steak dinners. Nvidia’s chips get gobbled up by Microsoft, Meta, Amazon, Alphabet, and Tesla, making the AI hype bubble look like the plot of a 2025 sci-fi blockbuster. Meanwhile, AI is guzzling electricity that could power 22% of US homes and chugging fresh water like a frat kid at spring break—launching liquid from three 16.9-ounce bottles to type out a 100-word email. Despite 71% of companies riding the AI wave, 80% say their bank accounts ignore it, some rehiring crashed staff after realizing AI’s more talk than walk. Elon once promised AI would cure cancer and fix the climate — an AI-powered pony ride we’re still waiting for while Wall Street clutches Nvidia stock like it’s the last Bitcoin. As Stanford’s Erik Brynjolfsson school-reads the AI 'early, painful J-curve', Google and Oracle drop earnings bombs proving AI's cash magic is finally brewing—more signs this bubble might turn into a bonfire or a Tesla coil shock.

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Source: Axios | Published: 9/15/2025 | Author: Madison Mills