The AI industry has just dropped a massive $1.4 trillion bombshell, and the global economy is reeling. Commonwealth Bank's CommSec platform is overwhelmed with demand, even opening on a public holiday to handle the SpaceX IPO frenzy. This is just the beginning, as OpenAI and Anthropic, the ChatGPT and Claude chatbots, respectively, are now taking steps towards going public. The stakes are high, with both companies valued at over $1 trillion. The AI race is heating up, and the world is watching. The potential for wealth concentration is enormous, with the risk of a bubble burst looming. Australian super funds and ETFs are exposed, and the US is gearing up for a new generation of billionaires. The question remains: can the AI industry sustain its current momentum, or is it a recipe for disaster?
