Silicon Valley has much to learn from the spreadsheet jockeys it despises
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Business | Schumpeter<br>Silicon Valley has much to learn from the spreadsheet jockeys it despises<br>Even if financial markets disagree<br>Share
Illustration: Brett Ryder
Jun 24th 2026|5 min read
The most important question in financial markets can be put thus: will companies like JPMorgan Chase and Walmart find artificial-intelligence models useful enough to buy them at a price such that OpenAI and Anthropic can stay in business? If they do: rock ’n’ roll. If not, investors will tire of funnelling capital into the AI model-makers, thereby destroying confidence in the vast construction of data centres, and the semiconductors and gas turbines that power them, and so on into economic oblivion.
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