AI Bubble Burst Could Dwarf Dot-com Crash, Warns Founder: Global Pension Money Fuels Wrapper Startups
TinfoilTricorn · x · 2026-11-08
junsong pushes back on the idea that the world would simply reset to three years ago if AI vanished. The trillions going to major AI labs are only the tip of the iceberg: nearly all global capital is flowing into AI and adjacent industries, with thousands of unheard-of wrapper startups raising billions just by adding "AI" to their names.
He warns this money ultimately comes from everyday people's pensions and bank deposits worldwide — if the bubble pops, the result would be another Great Depression, dwarfing both the dot-com bubble and Lehman Brothers.
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