kim_harding ✅Feb 21
Goldman Sachs launches AI-free index
https://www.axios.com/2026/02/20/ai-goldman-sachs-stocks-index
Goldman Sachs has launched an S&P ex-AI index, SPXXAI, which that lets you invest in the S&P 500 benchmark index minus all things AI.
This product is proof of the demand among investors for a way to hedge their exposure to the AI trade.
Exclusive: Goldman Sachs launches AI-free index

The product is proof of the demand among investors for a way to hedge their exposure to the AI trade.

Axios
Show threadFireyeFeb 22
@kim_harding is this a recession indicator?
Show threadkim_harding ✅Feb 22
@fireye Quite possibly, when the AI Bubble bursts, it is going to cause a lot of damage, and not necessarily to those mis-sold the concepts that cause the AI bubble to form in the first place... 🤬 😱
Show threadFace Thumb
@kim_harding @fireye Unfortunately after the bubble bursts I have a feeling that Altman, Musk, Bezos, Gates and Google will be fine. It is everyone's pension investments that will suffer. And the "Goldenboy" investors who get to choose the investments for everyone's pension will move to jobs at other companies and be fine also.
Feb 23 at 12:59amWeb
Show threadDavid Chisnall (*Now with 50% more sarcasm!*)Feb 23

@chrisp @kim_harding @fireye

That depends a bit. Gates and Google, almost certainly.

Altman? Depends on whether he misled investors (at least, in a way that's illegal). If OpenAI IPOs, tanks, and there are any irregularities in the filings, that can lead to prison time. Especially if rich people lost money.

Musk? He's tied together all of his companies and is massively overextended in terms of debt. His big bet is that SpaceX, as a government contractor, will be too big to fail and will be bailed out. If the US government moves slightly away from the oligarchy, the alternative is that it goes bankrupt and becomes nationalised. I don't think letting Musk lose a couple of hundred billion dollars would be particularly unpopular with voters.