Steve Hsu predicts AI bust with tens of billions in write-offs
teortaxesTex · x · 2026-10-16
- Physicist Steve Hsu's view, quoted in the thread: American AI companies are heading for a bust and tens of billions will be written off—won't stop them, but it will slow things down.
- The poster's tongue-in-cheek reply ('I'll comfort myself with simply being correct') illustrates the dismissive posture of AI-accelerationists toward bearish takes on the spending spree.
More from Venture
- Marc Launvibe-codes open-source beehiiv clone MailCheap, profitable from day 1 at $19/mo — marclou · 2026-10-16
- Anthropic financials decoded: $110B ARR target, Q3 cash-flow positive, real 2027 commitments far below $500B — FinanceYF5 · 2026-10-16
- Anthropic leak: $110B ARR target, positive Q3 cash flow, 85% gross margin — FinanceYF5 · 2026-10-16
- No moat in coding models: they'll be sold at chip cost within years, industry voices argue — rbhar90 · 2026-10-16
- Opus 5.5 wins: Anthropic reclaims token and spend share from OpenAI in 6 days — FinanceYF5 · 2026-10-16
- Coinbase Ventures: AI agents are economic actors choosing stablecoins — MurrLincoln · 2026-10-16