The Difference Between a Bubble and a Boom Is Who Gets Rich

Silicon Valley celebrates innovation through billion-dollar valuations, record profits, and newly minted billionaires. But creating wealth isn't the same as creating prosperity. As AI promises to transform the economy, perhaps the most important question isn't how much value the technology creates, but who gets to benefit from it. Because a technological revolution that only makes its owners richer isn't necessarily progress. It's just a financial revolution with better marketing.

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