Wolfe: AI infrastructure buildout will destroy hundreds of billions in capital
Josh Wolfe · Josh Wolfe & Brett McGurk – Venture, Geopolitics, and the Next Frontier (EP.476) · Dec 8, 2025 · at 42:37
Josh Wolfe of Lux Capital discusses the AI infrastructure boom with Ted Seides, warning that speculative hardware spending will result in massive capital destruction.
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“On the capital market side, you see hundreds of billions of dollars destroyed of people that play the same game that you did back in 2000 with fiber optic cables.”
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