AI bubble

“And I think the AI bubble will rhyme with the dot com bubble. And I believe with the benefit of hindsight, Most of the excess of the.com bubble might have been justified.”

“We're still in the middle of an AI bubble. If you look at like the amount of money that's going into AI versus every other category in terms of valuations raised, the amount, the number of companies getting funded.”

“What I think is going to be interesting if to the extent that the bubble unwinds at some point, it's going to be an equity unwind. And what that looks like is 40% of the S&P 500 is basically a bet on AI. And so to the extent that the bet unwinds, stock prices …”

“I do think we're in an AI bubble.”

“I don't see an AI bubble. These models are incredibly powerful today.”

“We're not in an AI bubble for sure. I'll tell you that, which is the question I keep getting asked. We are definitely in a GPU wastage bubble where there are stranded pockets of compute, like billions of dollars of compute that are sitting unutilized.”