Gate News reports that on March 17, Benchmark General Partner and early Uber investor Bill Gurley stated that the AI wave is real, but the rapid wealth accumulation has attracted more profit-seekers, which he says is “the cause of the bubble.” He predicts an upcoming “reset.” Gurley cited economist Carlota Perez’s theory, saying “bubbles only appear when the wave truly exists,” and advised investors to set target prices for depressed SaaS stocks now, to “buy heavily” when the reset occurs. The AI impact has already severely hit the software sector: Salesforce and ServiceNow have each fallen about 25% this year, and the ETF tracking the software sector (ticker IGV) has declined about 20% year-to-date. Regarding the massive capital consumption by AI companies, Gurley referenced his own experience with Uber, where they burned $2 billion annually, which made him “highly anxious.” Today, leading model companies are burning far more money than back then. “God bless them,” Gurley said of Anthropic and OpenAI, “their business models are too frightening.” Amazon, Meta, Google, and Microsoft are expected to spend a combined approximately $700 billion on AI this year.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
