Rational bets fuel collective excess, Gemini 3 resets the frontier, Anthropic multiplies power partners, Nvidia posts blockbuster quarter, Nano Banana Pro powers a step change in image gen
Does the bubble narrative change if there is a low odds, wild breakthrough in more efficient GPU (e.g. Amazon and Google TPU's)? Or if companies fail to find a source of organic revenue? Will cost savings be enough to justify the cost of GPU's?
Thanks for writing this, it clarifies a lot. Your take on the AI bubble makes so much sense, especially with Gemini 3 dropping and Nvidia killing it. It's crazy how fast things are moving. But that 'Bubble You Can Justify in Excel' part is super thoaught-provoking. If every company's logic is 'strategic negligence' to under-invest, how do we square that with the 'wildly unsustainable' wide shot? Is there an exit ramp or just a crash?
Does the bubble narrative change if there is a low odds, wild breakthrough in more efficient GPU (e.g. Amazon and Google TPU's)? Or if companies fail to find a source of organic revenue? Will cost savings be enough to justify the cost of GPU's?
Thanks for writing this, it clarifies a lot. Your take on the AI bubble makes so much sense, especially with Gemini 3 dropping and Nvidia killing it. It's crazy how fast things are moving. But that 'Bubble You Can Justify in Excel' part is super thoaught-provoking. If every company's logic is 'strategic negligence' to under-invest, how do we square that with the 'wildly unsustainable' wide shot? Is there an exit ramp or just a crash?