AI bubble or babble? How to understand — and make money — on the latest tech revolution

Read the original at New York Post ↗
Cite

Fisher, K. (2026, August 24). AI bubble or babble? How to understand — and make money — on the latest tech revolution. New York Post. https://nypost.com/2026/08/24/business/ai-bubble-or-babble-how-to-understand-and-make-money-on-the-latest-tech-revolution/

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

New York Post · collected 2026-08-24 · by Ken Fisher

Quick Summary

The article, written in a first-person account style, argues that the widespread concerns about job losses due to AI are exaggerated. According to the author, many tech companies that laid off workers citing AI as the reason were actually over-hiring during the pandemic, not necessarily displacing human workers with AI. The author cites examples of firms like IBM and Ford rehiring for similar positions after initially making AI-driven layoffs, suggesting that AI's role in job cuts is minimal.
Written locally by qwen2.5:14b on 2026-08-24, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

The concept of artificial intelligence (AI) has sparked both excitement and concern. On one hand, Wall Street investors are betting on huge profits from AI companies and chipmakers, while others worry about the impact on jobs and the environment due to large data centers consuming vast amounts of water and energy. 25-year-old Leopold Aschenbrenner, known as the "Nostradamus of AI," saw his hedge fund Situational Awareness fail due to leveraged bets on an unstable sector. However, experts argue that warnings about an impending "jobpocalypse" from AI are largely exaggerated. In fact, the author of this article previously debunked concerns about an AI "bubble" in December last year. Many investors are making high-risk bets based on speculative hype surrounding AI and recent initial public offerings (IPOs), which some consider a sign of arrogance.

Written for “AI Investment Opportunities” on 2026-10-16, grounded in this article and the 0 other(s) covering the same event.

Story

📰 AI Investment Opportunities
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads leans left and hedges 4% of its claims. Each row says how that neighbour differs.
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The Guardian
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Platformer
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“Article A mentions Leopold Aschenbrenner's hedge fund Situational Awareness, while Article B discusses a Meta exec quitting their job due to AI agents, with no mention of Leopold or Situational Awareness”
The AI Data Center Moral Panic different event · 90%
The Dispatch
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Platformer
⚖️ leaning not scored 🔴 6% hedged 2 of 31 📰 publisher trust 96
“Article A mentions the release of GPT-5.6 and Muse Spark 1.1, while Article B mentions Leopold Aschenbrenner's hedge fund getting laid low by its bets on a bumpy sector, but does not mention the model releases”
BBC News
⚖️ Leans right further right than this 🔴 8% hedged 7 of 85 📰 publisher trust 69
“Article B mentions Chen Tianyu, a college teacher who is explaining AI and robotics to his students in a factory setting, whereas Article A discusses Leopold Aschenbrenner's hedge fund Situational Awareness getting 'laid low' by its leveraged bets on AI”
Noahpinion
⚖️ Leans left 🔴 23% hedged 86 of 382
“Article A mentions a hedge fund manager Leopold Aschenbrenner, while Article B refers to an open letter by AI company employees without mentioning any specific individuals”
Fox News
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“Article A discusses Leopold Aschenbrenner's hedge fund getting laid low, while Article B talks about a blue-collar jobs boom due to data center construction, with no direct connection between the two”
Semafor
⚖️ Leans right further right than this 🔴 2% hedged 1 of 57 📰 publisher trust 60
“Article A mentions a hedge fund named Situational Awareness and its founder Leopold Aschenbrenner, while Article B does not mention either of them”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
54
sentences that state something as happening or true
Uncertain
4%
2 of 54 hedged ("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
67/100
New York Post's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-08-24 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

New York Post · 11002 article(s) · 31 correction(s) detected
Running correction rate · 31 correction(s)

Who wrote this

Ken Fisher
1 article(s) here · 1 carrying a prediction
🔮 Wrongly supposing that innovation destroys but doesn’t at the same time create – an age-old error. In 1981, economists widely warned that computers would displace workers in droves.
The only article under this byline in the corpus.

Topics

America Ford IBM Oracle Situational Awareness

Subjects

America GPE · 1× Block PERSON · 1× DoorDash ORG · 1× Ford ORG · 1× IBM ORG · 1× Jack Dorsey’s PERSON · 1× Leopold Aschenbrenner PERSON · 1× Oracle ORG · 1× Situational Awareness ORG · 1× Uber Eats ORG · 1×

Narrative

While Wall Street wagers on skyrocketing profits at artificial intelligence firms and chipmakers alike, regular joes worry about big, noisy, water-hogging data centers – not to mention their jobs.
framing: assertive · carried by 1 article(s) · first seen 2026-08-24
🔮 Wrongly supposing that innovation destroys but doesn’t at the same time create – an age-old error. In 1981, economists widely warned that computers would displace workers in droves.

Claims (54 extracted, 2 hedged)

Are you all in on AI, or are you bracing for an AI-pocalypse? asserted
you → brace → pocalypse
While Wall Street wagers on skyrocketing profits at artificial intelligence firms and chipmakers alike, regular joes worry about big, noisy, water-hogging data centers – not to mention their jobs. asserted
joes → skyrocket → centers
Many, no doubt, have been prompting their chatbots to navigate the latest convulsions. asserted
Many → prompt → convulsions
Yet AI’s future remains largely unknown – even to supposed “experts.” asserted
future → remain → experts
Take the case of Leopold Aschenbrenner – the 25-year-old “Nostradamus of AI” whose high-flying hedge fund Situational Awareness got laid low by its leveraged bets on a bumpy sector. asserted
fund → take → sector
That notable casualty notwithstanding, the doom-and-gloom AI “bubble” babbling you hear is broadly bogus, as I explained last December. asserted
I → hear → ?
Conversely, buying stocks on grandiose AI speculation and recent IPO hype amounts to peak arrogance. asserted
buying → buy → arrogance
Indeed, with every prospect ceaselessly vetted – whether it’s a headfake, a conundrum or a once-in-a-generation opportunity – knowing something that others don’t is impossible. asserted
others → vet → something
Stocks pre- asserted
Stocks → pre → ?
AI cassandras warn of fast, vast and tough-to-stomach changes – among them the widely broadcasted “jobpocalypse.” asserted
cassandras → warn → them
AI is US businesses’ top cited reason for 2026 layoffs. asserted
AI → cite → layoffs
This year’s tech job cuts have already surpassed 2025’s full-year total. asserted
cuts → surpass → total
Oracle is reportedly eyeing firings next month to offset its huge AI infrastructure debt. uncertain
Oracle → eye → debt
That’s after slashing over 20% of its workforce in its latest fiscal year. asserted
That → ’ → year
Wrongly supposing that innovation destroys but doesn’t at the same time create – an age-old error. In 1981, economists widely warned that computers would displace workers in droves. asserted
computers → suppose → droves
What happened instead? asserted
What → happen → ?
Jobs changed, workers learned new skills. asserted
workers → change → skills
Life improved. asserted
Life → improve → ?
The pattern permeates history – and will continue to do so. asserted
pattern → permeate → history
Thus far, the evidence shows that AI often spurs retraining and expanded hiring, not mass unemployment. asserted
AI → show → retraining
Globally, many firms that made AI-driven layoffs are rehiring for similar positions, including IBM and Ford. asserted
that → make → IBM
They vastly underestimated the value of human judgment and oversight. asserted
They → underestimate → judgment
Job-cutting tech firms like Jack Dorsey’s Block – which, citing AI, slashed nearly half its workforce in February – had simply over-hired post-pandemic. asserted
which → cut → pandemic
AI has become a highly convenient scapegoat. asserted
AI → become → ?
AI will change some industries greatly – others, less so. asserted
others → change → industries
Can it improve pizza or duct tape? asserted
it → improve → pizza
It may help streamline logistics for transporting and storing them. uncertain
It → help → them
Big innovations seldom include either/or scenarios. asserted
innovations → include → either
Food delivery services like Uber Eats and DoorDash surged while grocery and restaurant sales kept growing. asserted
sales → surge → Eats
Big-box stores changed retailing, then came online retail. asserted
retail → change → retailing
Yet small shops still find niches and thrive. asserted
shops → find → niches
Optimists also overrate the speed of big change. asserted
Optimists → overrate → change
First came clunky desktop dial-up. asserted
up → come → ?
It took decades. asserted
It → take → decades
These limitations, plus political pushback and chip shortages, will slow rollouts globally. asserted
limitations → slow → rollouts
Eventually, it will enable young lawyers to ditch rote tasks for more productive work. asserted
it → enable → work
Eventually, self-driving vehicles will multiply – despite early New York resistance – alleviating truck driver shortages while giving blind and disabled folks previously unfathomable independence. asserted
vehicles → drive → independence
AI will aid big financials, but replace everyone? asserted
AI → aid → everyone
Customers don’t just want expertise. asserted
Customers → want → expertise
They also want responsibility. asserted
They → want → responsibility
…and 14 more, not listed.
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