Is AI a Bubble?
Episode publishedPodcast: Lumida Wealth : Non-Consensus...Lumida Wealth : Non-Consensus Invest Beyond the Ordinary
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Welcome to nonconsensus investing. I'm Ram Alawwalia, your host and CIO at Lumida Wealth, where we specialize in the craft of alternative investments. At Lumida, we help guide clients through the intricacies of managing wealth so they don't have to shoulder the burden alone. Through this podcast, we draw back the curtain to reveal the strategies employed by the best in the business for their clients so that you too can invest beyond the ordinary.
Welcome everybody to the next episode of Lumida Nonconsensus Investing. We're streaming live on YouTube, Twitter, and wherever you consume your social media. Really pleased to have a friend and special guest. I think he has the record number of appearances on the Illumina nonconsensus investing podcast. Michael Preck. Michael really started his career in the nineties at Goldman Sachs where he was a lead internet coverage analyst, took a lot of these companies public. So he's been through a few cycles, and he writes a terrific blog on AI, and he has insights every day. He's tracking what the CE
Great. Great to be back and good to see your handsome face again.
I'm trying. I'm not on GLP-1s yet. I'll have to tell that to my wife too, but
So for the film version now.
I'm going to try to do it the old fashioned way. It's just called fasting, eat less, calories in calories out. We'll see if that works. We'll see if that works. So I wanna get into anthropic. Right? You saw, of course, singing the stage for you here. Had Sam Allman had this disastrous interview with Brad Gerson at the October, where he talked about a trillion dollars in committed spend obligations. In Wall Street, we call that debt. And he had a very defensive reaction and really created a correction due to that. And now you have Microsoft trading that 2022, you know, PE multiple lows, max sev
Well, if you recall, Ram, a long time ago when, you know, we first did one of these, I think I said that, you know, we're for the last couple two or three years since, I mean, is the fourth year of ChatGPT, we're in the mainframe stage of AI. You know? And these people we're talking about, whether it's at the big tech companies or the two companies we talked about, OpenAI and Anthropic, they're essentially big tech philosophies. They're mainframe companies. This is their DNA. So the Dario interview, which is two and a half hours with Warkesh, you know, it comes it just ekes out that they're in
We've never seen.
We can be excited.
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