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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
Azoma raises $11.2 million: helping L'Oréal and Unilever with GEO to secure AI shopping recommendation placements
Azoma has completed a $11.2 million Series A funding round led by Puma Growth Partners, with clients including L'Oréal, Unilever, Mars, and Reckitt. Azoma will help brands optimize their AI shopping recommendation placements, simulate consumer questions, and track how often brands are recommended and their competitors. The company analyzed 38 million AI citations and found that 51.9% of Gemini's citations came from media content, compared with only 7.6% for Google AI. Azoma said its revenue grew nearly 10-fold over the past year, and its team expanded from 12 to 40 people. The new funding will be used to cover more AI shopping agents and track the sales conversions of recommendation exposure.
Russian presidential envoy Dmitriev: The diesel fuel agreement reached with the United States will begin implementation tomorrow.
According to CoinWorld news, Russian presidential special envoy Dmitriev stated that the diesel fuel agreement reached with the United States will begin implementation tomorrow.
Cysic has proposed a settlement to the attacker, demanding the return of 90% of the stolen ETH within 72 hours.
CoinWorld news: Cysic has proposed a settlement to the attacker who unauthorizedly minted 10 million CYS tokens, requiring the party to return 275.872 ETH within 72 hours, which is 90% of the confirmed ETH proceeds. The attacker may keep the remaining approximately 30.652 ETH as a bug bounty. Cysic has reconstructed the key steps of the attack and retained the relevant technical and on-chain evidence. If the funds are not returned within the deadline, Cysic will seek law enforcement intervention and push for a full criminal investigation.
Meta Platforms：2026年和2027年合同承诺到期458.5亿和1214.1亿美元
CoinWorld news, Meta Platforms (META.US) stated that the company has $45.85 billion and $121.41 billion in contractual commitments maturing in 2026 and 2027, respectively, involving cloud computing capacity, infrastructure, and its Reality Labs business.
The long-to-short account ratio for ETH contracts is 2.86.
CoinWorld data: The ETHUSDT 4-hour long-short account ratio is 2.86, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.1445; compared with the same-caliber snapshot 7 days ago, it fell by 0.3576.
Glassnode: Bitcoin ETF cost basis retests $81,000
According to CoinWorld news, Glassnode stated that Bitcoin's ETF cost basis is once again testing around $81,000. This level was suppressed during the May rebound, followed by a deep decline, and was touched during last week's sweep. If the price closes firmly below this level, it could bring the intermediate $70,000 level back into focus.
NEM suffered an attack, and the attacker profited about $822,000.
CoinWorld news: NEM suffered an attack, with losses of approximately $822,000. The attacker exploited the vulnerability to repeatedly execute transfers, calling skim() to clear transferred-in tokens and invoking flushlpsellrecycle() a total of 42 times, destroying the liquidity pool's original reserves and suppressing the NEM reserve balance, then selling the remaining NEM at an inflated price and withdrawing USDT.
Meta Platforms: As of September 30, it had $454.52 billion in contractual commitments.
According to Bijie.com, as of September 30, Meta Platforms (META.O) had total irrevocable contractual commitments of $454.52 billion.
Saudi forces attacked an Indian yacht carrying 14 Indian citizens near Zuqar Island.
CoinWorld news, Houthi armed forces: According to preliminary reports, Saudi forces attacked an Indian yacht carrying 14 Indian citizens near Zukar Island. The Yemeni armed forces have rescued the people on board, and more details will be released later.