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America's K-Shaped Reality

Economy & Labor

Household balance sheets, labor markets, and the widening gap between those riding the asset boom and those priced out of it.

15 analyses in this section

Jun 29 LABOR

The Utility Gap: Can AI Apps Justify the Buildout?

Artificial intelligence infrastructure is racing ahead of proven consumer willingness to pay. With free-to-paid conversion near six percent and enterprise carrying most revenue, the industry faces a utility test: enough daily engagement and durable subscriptions to justify megawatt-scale buildouts — or a cycle of dark racks, repriced debt, and cascading GPU obsolescence.

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