Pitchbook has a new report: “AI, Megadeals, and the Making of a Concentrated Venture Market.” It spins really quite concerning news as “this
"If all the venture capital in the US goes into the AI bubble, that might keep it going till next year or so. What this Pitchbook report says is: that might happen. The AI bubble becomes the perfect sucking void. The black hole that eats all the money.
All the AI companies go down. Anthropic second-last, OpenAI last. Your chatbot’s API gets switched off. All the AI startups go broke and shut down.
You might think: venture capitalists, LOL. But there’s no returns in the rest of the market — it’s functionally in recession. Big investors like pension funds, which have to make a return, have run out of sane investments. So they’re putting your pension money into insane investments — the AI bubble. It blesses us all."
