[deaux]

You mean "Listen to [someone who started on Wall Street at Lehman Brothers, joined PayPal in its earliest days and worked alongside Peter Thiel and Elon Musk, and eventually became a venture capitalist in Silicon Valley] argue why AI probably isn't a bubble".

Funny how this different framing of the exact same person provides a completely opposite expectation of their incentives behind commenting on whether AI valuations are a bubble.

[nelox]

His experience at PayPal during the dot-com period gives him direct knowledge of how speculation can lead to major losses. This background encourages careful analysis of current conditions rather than automatic acceptance that all is well.

A point frequently overlooked is that professionals in his position have strong personal reasons to be accurate. Incorrectly concluding there is no risk can damage their investments and reputation more severely than acknowledging potential problems. His assessment rests on specific differences from earlier periods, such as major companies generating profits and consistent demand for critical hardware.