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More →Ken Griffin Says AI Is 'Almost Certainly' in a Bubble—And Compares GPUs to Airline Seats
Ken Griffin, founder of the Wall Street giant Citadel, <a href="https://www.marketwatch.com/story/ai-stocks-are-probably-in-a-bubble-but-might-be-worth-holding-onto-says-citadels-ken-griffin-87f535ce" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">said</a> Tuesday that investors are “almost certainly” in an AI bubble—though he isn’t telling them to dump their AI stocks. “What’s left in the wake of these bubbles, if we want to use that word, is often game changing for the world. And the companies that are on the other side of that bubble are the market leaders for decades to come,” Griffin said at Citadel’s Future of Global Markets Conference in New York on Oct. 20 This reaches beyond tech investors, since the AI buildout has <a href="https://decrypt.co/359175/nvidia-earnings-steady-markets-ai-spending-debate-intensifies" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">underpinned equity markets</a> over the past year, so many index funds and retirement accounts hold a slice of it. A bubble is what happens when prices climb far faster than the businesses behind them can justify, until reality catches up. Citadel is a hedge fund, a private firm that invests money for wealthy clients and institutions. But the fact that it seems like a bubble isn’t <i>that</i> big a deal if you look at the big picture, according to Griffin. “Any radical transformation of our economy is generally intertwined with a bubble,” he said, recalling the internet boom and adding that he wishes he had kept his Amazon stock. The companies that emerge on the other side of a bubble tend to lead markets for decades, he argued, though he stopped short of predicting a collapse. His own firm is a case study: Griffin said AI agents, software that carries out multistep tasks on its own, cut some high-level Citadel research from weeks to a couple of hours. Griffin compared GPUs, the graphics chips that many companies use to train and run AI models, to airline seats. Both have a very low marginal cost to run, meaning the extra expense of serving one more customer is tiny, so prices can collapse once supply outstrips demand. He pointed to the telecom boom around 2000, when companies laid more fiber-optic cable than demand required and communication prices fell. He also doubted that chips five or six years old, which still earn rental rates he called extraordinary, will keep doing so for another five or six years. Buyers are getting pickier, Griffin said, sorting which jobs justify premium models from OpenAI and Anthropic and which can run on cheaper open-source alternatives, meaning models anyone can download and run on their own computers. Corporate America has been uneven at extracting value from AI, he added, with companies studying their bills from the labs and asking where the productivity is. Gartner forecasts worldwide<a href="https://www.gartner.com/en/newsroom/press-releases/2025-09-17-gartner-says-worldwide-ai-spending-will-total-1-point-5-trilli
Saylor: New sources of BTC demand are emerging, and perpetual preferred stock has accumulated over 135,000 BTC.
According to CoinWorld news, Saylor stated that new sources of BTC demand are emerging, and Bitcoin-focused perpetual preferred stock has accumulated over 135,000 BTC.
Walmart launches its own agent gateway, allowing AI to place orders and shop on users' behalf.
CoinWorld news, Walmart announced on Wednesday local time that it has officially launched its own agent gateway for processing transactions and rolled out several new features for consumers using AI agents, as part of its push into agentic commerce.
Saylor: Our Bitcoin reserve is worth 6.3 times all related securities.
According to CoinWorld news, Saylor stated that the value of the company's Bitcoin reserves is 6.3 times the total notional value of STRC and all preferred securities, excluding U.S. dollar assets.
CFTC Chairman Selig said the crypto market needs unified rules.
Coin World News: CFTC Chairman Selig stated that Bitcoin and the crypto market need unified rules to provide equivalent protection across states.
Tesla has begun producing humanoid robots at its California factory, with progress expected to be uneven.
Tesla said it has begun producing humanoid robots at its Fremont, California factory, but Musk noted that production progress will be uneven because "10,000 things need to go right." In addition, Tesla cut its full-year capital expenditure forecast from $25 billion to $20 billion, which will be used for the Optimus production line, AI computing, the Cybercab, and a chip factory being built in partnership with SpaceX.
Nvidia CEO: A 1GW AI factory costs about $50 billion and generates about $40 billion in annual revenue.
Benzinga reports that Nvidia CEO Jensen Huang stated that a 1GW AI factory costs approximately $50 billion and can generate annual revenue of up to $40 billion. In addition, Nvidia said that the DSX Pod can shorten the deployment time for a prepared site from six months to just 14 days.
Meta raises capital expenditure guidance and plans to issue new shares.
Meta Platforms Inc. raised its capital expenditure forecast and announced plans to introduce a new class of non-voting shares, further ramping up its massive artificial intelligence investments, Cailian Press reported on October 22, citing Bihai News. In its quarterly earnings report released on Wednesday, the company said capital expenditures for 2026 are expected to be $135 billion to $145 billion, raising the lower end of the range from $130 billion. Meanwhile, the new class of shares will be distributed to existing investors in the form of a stock dividend, with holders receiving one new share for each share they hold, essentially equivalent to a two-for-one stock split. Meta expects the new shares to begin trading in January, aimed at driving further expansion of the company, raising capital, employee compensation and potential acquisitions. Chief Executive Officer Mark Zuckerberg said the company's investments are paying off, the core business is performing strongly, and AI technology has made progress in recent months.
The US and Israel are drawing up plans for a new round of strikes on Iran, with action possibly coming after the US midterm elections.
According to The New York Times, citing U.S. officials and others briefed on the discussions, the U.S. and Israeli militaries have drawn up concrete plans to launch another strike on Iran after the U.S. midterm elections. As planning for a short but high-intensity military operation advances, the U.S. and Israeli militaries have stepped up exercises, sending fighter jets over Iraqi airspace to rehearse strike maneuvers. U.S. officials said Defense Secretary Hegseth met with Prime Minister Netanyahu in Israel this week to discuss a new round of strikes. Potential targets could include Iran's energy infrastructure, nuclear facilities, and missile and drone arsenals. Some officials believe that another large-scale attack could push Iran's economy to the brink of collapse, forcing Iran to make concessions in diplomatic negotiations after a conflict that has lasted nearly eight months.
Anthropic发布个人AI助手Claude Duet
Coin World news, Cointelegraph reports: Anthropic has previewed its personal AI assistant Claude Duet, which is capable of building dashboards, scheduling meetings, and creating financial forecasts.