Gary Marcus: Is the Generative AI Industry Engaging in 'Check-Kiting'?
Gary Marcus · rss · 2026-08-21
Gary Marcus draws an analogy between the generative AI industry and the classic 'check-kiting' scam. He highlights circular elements in the industry, citing examples like Masayoshi Son taking out loans on OpenAI shares to buy more shares. While not blatant fraud, the speculative nature of the debt and the uncertainty of future trillion-dollar profits raise concerns.
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