The AI Chart Everyone Is Getting Wrong

NLW pushes back on the viral Wall Street chart that reignited AI bubble fears, arguing the real story is the transition from the token subsidy era to token scarcity. Companies are learning to route AI usage more efficiently, and the market’s doom narrative mistakes that optimization for collapsing demand. The episode also runs through major headlines including SpaceX’s IPO, Bezos’ Prometheus raise, and Goldman’s trillion‑dollar infrastructure forecast.