00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Former hedge fund manager Whitney Tilson is doubling down on his view that artificial
00:06intelligence is in a bubble, citing similarities with the dot-com era. According to his recent
00:11blog post, Tilson sees massive spending on AI data centers as one reason the sector resembles
00:16the dot-com bubble. He says, concentrated AI infrastructure spending and heavy debt
00:21reinforce his view that the sector resembles the internet bubble. Tilson points to unproven
00:25business models, huge losses, regulation, Chinese competition, circular financing, and rising
00:31debt among the similarities between today's AI boom and the dot-com bubble. He says those
00:36parallels do not mean the AI bubble will burst soon and sees potential IPOs from Anthropic
00:40and OpenAI as a key test for the sector. Tilson also pointed to Oracle's recent force majeure
00:45notice for the Project Jupiter AI data center as lenders show signs of unease about exposure
00:50to the company.
00:51For all things money, visit Benzinga.com
