Arthur Hayes : AI The problem lies in debt and valuation, not in the technology itself
2026-08-19 10:23:17
According to CoinMeta, BitMEX, co-founder of BitMEX, and Maelstrom, Chief Investment Officer of Maelstrom, stated that the current AI bubble exists in the debt associated with data center construction, as well as in the overvalued stocks of failing supercloud computing companies and cutting-edge AI laboratories, rather than in the AI technology and applications themselves. He believes in an agent economy driven by AI intelligents, and thinks that the surplus computing power of data centers will drive the development of the AI + blockchain projects they support.
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Source:Internet
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