Bob Elliott
· Nonconsensus
· June 29, 2026 at 10:42
| Read on Substack ↗
Summary
The article argues that AI enthusiasm is based on the assumption that demand for AI tools and compute is nearly price-inelastic, but it does not develop this thesis further in the provided excerpt. The limited text offers no actionable market implications beyond a generic observation about AI pricing power.
•The opening sentence states that AI mania is built on the premise that customers will pay nearly anything for AI tools and compute.