Internationalism No. 83, January 2026 Page 14 From the series The telecommunications battle There are two interwoven and contrasting trends in the American economy. On the one hand, we are witnessing steady growth in the value of securities linked to the furious race towards artificial intelligence (AI), which could lead to a financial bubble; on the other, an increase in GDP, precisely due to the huge investments in this field, is taking place. In the first week of November, a downward correction saw many technological securities devalue by $1.2 trillion on the stock exchange. Jamie Dimon, CEO of JPMorgan, the biggest American bank, predicts that there is a one-in-three probability of a collapse, albeit not imminently. As I see it — he states — artificial intelligence is real and, all in all, it will pay off [...] just as happened in the past in the case of automobiles and television sets . Products which, however, have also seen many...