There's no easy way to say this, but the stock markets are getting crushed because three of the richest men in the world might have called the top of the AI bubble. He thinks that there's not enough capital and money in the market to support the expensive buildout of AI.
Why listen
It goes beyond the title with direct discussion of these, money, because, including: One of them is Elon Musk, one of the biggest proponents of AI in the first place.
Key takeaways
01He thinks that there's not enough capital and money in the market to support the expensive buildout of AI
02And AI stocks are down horrendously, particularly neoclouds, who have drawn down on average around 30 to 35% over the last couple of weeks
03Neoclouds being the smaller startups and companies that aim to provide compute for AI labs that want to train and inference their models
Best for
listeners looking for a practical AI episode debrief