
New newsletter: The transcript of my AI bubble conversation, with @pkedrosky. Feat.: - Why did the Mag7 equity miracle suddenly stop? - The growing private credit crisis, explained - Why the enormous revenue boom from new agents like Claude Code might be a sugar high, in which explosive revenue growth today precedes much slower revenue growth after AI adoption among software engineers peaks - Where equity value is flowing if it’s leaving software - Why US productivity seems to be rising but actually isn't derekthompson.org/p/yes-ai-is-a-…



















