Gary Marcus criticizes OpenAI investment logic as 'check-kiting', warns of speculative bubble
GaryMarcus · x · 2026-08-21
Gary Marcus published a column titled 'Leopold’s Folly', criticizing the investment logic in the generative AI industry for bearing similarities to 'check-kiting' circularity. He questions whether the massive debts being issued can ever be repaid by future profits, arguing that the US is failing to learn from the mistakes made in Leopold Aschenbrenner's predictions.
Related event: Gary Marcus Calls Generative AI Investment a 'Check-Kiting' Scheme(2 posts)→
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