Why Paul Kedrosky Says AI Is Like Every Bubble All Rolled Into One
Episode publishedPodcast: Odd LotsOdd Lots
Transcript preview
Preview only
You're being sold an AI future where you're obsolete or irrelevant. That vision is wrong. At Palantir, they're building AI that helps workers and unlocks their full potential. American workers are our nation's greatest strength. AI shouldn't eliminate them. It should elevate them. Palantir is here to tell their stories. From factories to hospitals, AI is freeing people from drudgery, letting them do what humans do best, create, solve, build. Palantir, making Americans irreplaceable.
Introducing the all new Adobe Acrobat Studio, now with AI powered PDF Spaces. Do more with PDFs than you ever thought possible. Need AI to turn a 100 pages of market research into five insights with a click? Do that with Acrobat. Need templates for a sales proposal that'll close that deal? Do that with Acrobat. Need an AI specialist to tailor the tone of your market report to sound real smart in real time? Do that with the all new Adobe Acrobat Studio. Learn more at adobe.com slash do that with Acrobat. The Chase Inc. Business Premier card is a pay in full card with flexibility made for busine
Bloomberg Audio Studios. Podcasts. Radio. News.
Hello, and welcome to another episode of the Odd Lots podcast. I'm Jill Weisenthal.
And I'm Tracy Allaway.
Tracy, covering the AI boom is actually reminding me a little bit of the tariff boom in April simply because every day there are new headlines. Just today, we're recording this November 12, Anthropic commits $50,000,000,000 to build AI data centers in The US. So the advanced model companies are vertically integrating more to build their own data centers. Every day is some new development.
Yeah. It's becoming pretty hard to keep up. So I think we're probably just gonna talk in terms of billions and trillions. We're just gonna say lots and lots of money is going into the space. But the way I've been thinking about it is, okay. At this point, everyone agrees that the AI build out is super expensive.
Yes.
And all these companies are spending massive amounts of CapEx to do this. And I'm starting to think that AI CapEx is kind of like the Schrodinger's cat of markets in the sense that it could either be a massive strength for these companies because the CapEx is so expensive and it takes so much money to build out. And so anyone who manages to do it kind of builds a moat around their business, or it could be a massive weakness. Right? If you're spending all this money and then that doesn't end up generating the revenues that you actually need to justify it. And going back to the Schrodinger's ana
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.