“We got very excited for a brief period of very fast progress. That just wasn’t sustainable.”

“The infrastructure build for AI is the bubble. The AI 2.0 companies that can actually figure out a way to monetize it are the investments years from now. Might as well light a match to this fund. The infrastructure build like the telecom infrastructure during the dotcom boom will be oversupplied and pricing will collapse,” Edward Dowd recently noted on X.

The AI bubble is as big as it’s likely to get. The popping could come as early as next week with Nvidia’s earnings release on Wed., or if that doesn’t begin the process, no later than year end. You do NOT want to be long the NASDAQ 100 in 2025. https://www.zerohedge.com/technology/openai-google-anthropic-face-hurdles-advancing-ai-models-casting-doubt-near-term-agi