Silicon Valley leaders largely accept the current AI spending surge as a necessary bubble for innovation, despite potential financial risks, while companies highlight unique "moats" to differentiate themselves amid AI's disruption.Larry Fink of BlackRock anticipates major AI company bankruptcies and warns of the USA falling behind China due to overspending, while also committing $100 million to skilled trades training, emphasizing AI's job creation but society's unpreparedness.The industry is increasingly funding apprenticeships for essential blue-collar roles like electricians, driven by practical needs and fears of social backlash from "jobless growth" and concentrated
AI wealth, as white-collar disruption looms.