If the AI Bubble Pops, It's Capital Structure vs. Plummeting Intelligence Costs

aiamblichus · x · 2026-08-04

Responding to Michael Burry's warning about an AI bubble, the author argues that if the bubble bursts, it won't be because the technology isn't real. Instead, the price of intelligence per task will drop much faster than the surrounding capital structure can be repaid.

Drawing parallels to historical precedents like railways and the internet, the author suggests this is a familiar script where transformative technology ultimately prevails, but initial overinvestment outpaces the ability of business models to sustain the capital structure.

Related event: Plummeting Intelligence Costs Could Burst AI Bubble(4 posts)→

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