Younis: AI Industry Is in an Opulent Bubble and a Pullback Is Coming
Qasar Younis · SemiAnalysis, Altimeter, Nebius, Glean.. 12 Hot Takes From Biggest Names in AI · Sourcery with Molly O'Shea · Jul 19, 2026 · at 9:58
Qasar Younis, co-founder of Applied Intuition, discusses AI spending cycles and company cost structures at the RAISE Summit in Paris.
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“The cost structure that we're currently seeing from whether it's from how much we spend on model training and development to employees to where we're at that phase of the bubble where it's like, you know, like the, all the opulence in the companies is what people talk about rather than the products. And so I think there's going to be a little bit of a pullback.”
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