The AI buildout continues to break records, as the hyperscalers pour hundreds of billions of dollars into chips and data centers, even as investors punish their stock prices. But the revenue side of the ledger is showing signs of takeoff. In the last few weeks, OpenAI and Anthropic have added billions of dollars of cash, on their way to becoming two of the fastest growing companies in history.
Last year, Derek was convinced that AI was on its way to being one of the biggest bubbles in modern capitalism’s history. But the torpid rise of AI agents is starting to change his mind. So he wanted to bring someone on to test his evolving theory.
The investor and writer Paul Kedrosky returns to the show to make his own case even more firmly: AI is a bubble, and the evidence is all around us.
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Check out Paul's podcast 'The Nick, Dick and Paul Show' on YouTube and Spotify: https://www.youtube.com/@nickdickpaul
https://open.spotify.com/show/6mxUS2hFE2hdaNx1sjhdYu?si=67add32695c546bf
Host: Derek Thompson
Guest: Paul Kedrosky
Producer: Devon Baroldi
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