📝 The LLM Industry Is Digging a $500 Billion Hole. Here's Why That Might Be Fine. Nearly every transformational technology looks like a catastrophic blunder before it looks like a genius bet. Uber burned $32 billion. Tesla burned $9 billion. AI hyperscalers and LLM trainers are now on track to burn $500 billion. This has fueled a tremendous amount of AI Doomerism. Even with 800 million weekly active users, how could ChatGPT ever earn back this kind of investment? But a look back at the…