Elon Musk is a trillionaire now. Is that bad for the economy? – Stateside with Kai and Carter

Elon Musk has go nan world’s first trillionaire acknowledgment to his institution SpaceX, which now has nan biggest IPO of each time. Public trading successful nan institution has put it's valuation astatine complete $2tn. The eye-watering sums of money pouring into AI are besides boosting different tech titans, including OpenAI and Anthropic. Both companies are expected to spell nationalist this twelvemonth pinch astir trillion-dollar valuations. The Guardian’s US tech editor Blake Montgomery tells Kai Wright that pinch these IPOs, each our financial futures are everlastingly tied to AI’s success, and much worryingly, its imaginable failure

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