P231
The AI bubble will burst when it becomes profitable for a few individuals to collapse it, not due to natural market forces
What Jiang said
“The AI bubble... These companies, Nvidia, Open AI, when they their AI products don't actually make any money. Like ChatGPT doesn't actually make any money. In fact, it loses money every every time you use it, okay?... So bubbles don't have to collapse. They collapse when it's profitable for a few individuals to make it collapse.”
Analysis
Like the 2008 housing collapse, the current AI bubble where companies like OpenAI and Nvidia lose money on every transaction can continue as long as insiders keep lending to each other; it will collapse only when specific players decide to profit from shorting it
Source lecture
Status history
- 2026-05-23 · Pending (glm)