AI Investors Furious at Suggestion That There’s an AI Bubble

As dark clouds continue to gather over the stock market, and with fears of a ready-to-burst AI bubble growing, some investors are furious that anybody would even question the industry’s enormous valuations, astronomical spending sprees, and severely lacking financial model.

Many industry leaders have acknowledged that there’s likely a bubble. But as Axios reports, die-hard AI investors are furious at the suggestion.

“The reality is, the world’s not going to stop and AI is coming, so you have a choice, you could put your head in the sand or you can embrace it,” RedBird Capital Partners managing partner Gerry Cardinale said at an Axios event this week.

Others downplayed previous comparisons of the AI bubble to the dot-com implosion.

“‘The bubble’ is a pejorative term,” Sequoia Capital pa