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I thought this is an interesting read about the #AI bubble. Has some pretty good arguments that this is all going to keep going. #Anthropic S-1 filing is the main source for this thesis.
https://matteoraso.github.io/im-not-convinced-the-ai-bubble-exists.html
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@bryan They kept referring to “AI companies” without defining them. But as far as I can tell they’re referring to some combination of the frontier labs and fhe hyper scalers. And they’re mostly referring to company valuations.
My thesis of over a year has been this is a debt bubble like the 2008 financial crisis, as opposed to an equities bubble like 2001. And the actual bubble is in the neoclouds, such as #CoreWeave.
The neoclouds will be at the epicenter of the correction whenever it happens. We don’t even have a way of measuring how much debt there is since so much of it is private finance and engineered debt instruments like GPU-backed securities.