Schmidhuber: AI has no moat, DeepSeek proved it, and the hype bubble should burst
SchmidhuberAI · x · 2026-09-26
AI pioneer Jürgen Schmidhuber amplified a post calling for the AI hype bubble to burst, restating his long-running thesis:
- AI has been dubbed the new oil, electricity, and internet, while once-nimble software giants (MSFT, GOOG, ...) are becoming utilities — even investing in nuclear energy to power AI data centers.
- Open Source and the "DeepSeek Sputnik" have shown once again that these companies "have no moat" in AI.
- He closes with an old anecdote: a rich acquaintance's Porsche with a satellite phone — a rare luxury 40 years ago, now hopelessly outclassed by everyone's cheap smartphone.
The quoted post goes further, urging people to circulate the message so it pricks the bubble and redirects investment toward raising living standards in the global south.
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