The AI Boom's Unseen Vulnerability Steve Eisman, a seasoned investor known for his prescient calls on the housing market, has highlighted the Achilles' heel of the current artificial intelligence boom: its unhealthy dependence on just two companies.
OpenAI and Anthropic account for 70% of AI related revenue at major tech giants like Microsoft, Amazon, Alphabet's Google, and Oracle.
This phenomenon is not a quirk of market dynamics but rather a deeper structural issue.