Kedrosky: AI investors pitch AGI to LPs but evaluate it as real estate internally
Paul Kedrosky · Why The AI Bubble Will Burst: The Most Logical Case — With Paul Kedrosky · Aug 12, 2026 · at 40:40
Investor and analyst Paul Kedrosky explains to Alex Kantrowitz that the narrative of AI as an unpriceable call option on AGI is largely a marketing tool for institutional investors.
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“Investors that I've talked to are very cynical, so they're perfectly happy to use that in front of their own LPs, but they don't believe that in house. They look at this very cynically and with very cold calculating eyes and compare it to other similar real estate projects.”
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