Gary Marcus amplifies bubble take: 'My p(doom) is show me an S-1' from OpenAI and Anthropic
GaryMarcus · x · 2026-09-23
Gary Marcus shared Dave Troy's argument that the AI sector increasingly looks like a conventional business bubble — the difference being how far companies will go to delay the reckoning, 'up to and including telling insane stories.'
Key points:
- Markets used to flush out overhyped companies by eventually demanding profitability; Troy argues OpenAI and Anthropic evade that mechanism — 'too big to fail, too scary to question.'
- He compares them to Worldcom, Enron and WeWork invoking bad-faith techniques.
- His proposed fix: both companies producing an S-1 filing that would expose the 'shenanigans' — something they are 'absolutely resisting.' His p(doom): 'show me an S-1.'
Related event: Gary Marcus Calls AI a Bubble Propped Up by Stories(2 posts)→
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