What Counts as a Bubble
Whether AI is a bubble depends on what you count. Paul Kedrosky counts the capital, the credit and the fragility; Azeem Azhar counts the customers. Their debate on The Ezra Klein Show in seven steps, from the history of overbuilding to what would change their minds.
Paul Kedrosky · Azeem Azhar — Is There an A.I. Bubble? A Debate. | The Ezra Klein Show
- 1:52 1 · Every buildout overbuilds
- 7:47 2 · Demand is real
- 12:48 3 · Tokens times price
- 16:37 4 · What counts as a pop
- 31:48 5 · Who carries the risk
- 44:19 6 · Repricing labor
- 50:16 7 · Backlash and friction
- 1:01:56 Coda