Martin Shkreli: "AI Will Crash Like The Dotcom Bubble In Late 1990's" 

It's not so much a bubble. More of an arms race, and no one can really afford to be left behind. Also regardless of the big market crashes, if you had money in the S&P 500 for a period of 20 years or more, you still came out positive. Plus the comparison to the Dot Com Bubble isn't like for like for example a great deal of Nvidia's growth is hardware that is forwards and backwards compatible with its own successive chips and platforms. They can't make it fast enough. Sure demand will drop eventually but I think by that point the next gen after blackwell, Rubin, Vera will be the upgrades companies are looking for.

Companies creating AI infrastructure are making money but the AI companies themselves with the end creation are making nothing

im a tenured 12 year software engineer. there are no more entry level jobs. handful of mid jobs. i work for a fortune 500 company and work is slim as hell. im savin every paycheck in case i have a change of careers. i can see this happenin. everythings fukked up.

what was the date on this ?

martin should write cleaner code

The greatest thing on the Internet ever created is OSRS

The internet is pretty much a bigger AOL, it's no longer the wild west it used to be. Everything is curated and commercial.

I was hoping he would make points as to why there is a bubble, other than there have been bubbles in the past when there is new technology. History does not have to repeat itself.

“It’s really user ugh… it’s a tool.. and have written some more tools” best description of langchain yet

caught this guys interview on dj vlads channel of all places and its probably the first full length Vlad video ive ever watched, this guy is one of the more insightful guys talking online atm.

I've always thought the AI we see today is just a remix of what tech companies were already doing. Call it something different to make more money.

I remember trying to explain to my mom that AOL wasn't the internet. That it was merely a place on the internet. Back during the rollout of DSL lines. When a 33.6 Cardinal modem set you back 200.00 and was the largest card in a slot. Watching the screen render line by line. The good ole days!!

My dad used to drink a lot, and then he would travel to other tables and request armwrestle matches from random drunks, after declaring he was an albanian from Tetova and he had ''albanian stregth'', most would say fuck off some would accept. i saw him lose only twice. nice to see albanians popping up in america

This is Mr Yen...Martin this was an absolute masterclass...the paralells to AOL / Cisco routers and the internet, slowly being the start of life changing tech in the 20 years post-bubble, is exactly what the nascent AI is likely to be...this was a brilliant brilliant talk, nice work...impressive stuff, well done !!

I would love to have a discussion with you about Sickle Cell Anemia. I don’t have it but I have studied it for many years. Thank you.

It’s a good time to get into making *unique* games, augmented reality and VR. It’s gonna be a while longer before anything becomes too encroached there.

I’ve hedged heavily into buying value stocks the past 1.5 years. I feel that I have enough AI exposure from SPY and Nasdaq.

Here's my theory: AI will crash and NVDA will tank, but while that's happening there is going to be this massive flood of unused chips that need to go somewhere. The logical place for those chips to go is to gaming companies. The gaming companies will come up with some kind of creative use for the flood of unused advanced chips that they've just received at discounted rates, and in 3-5 years we're going to see a crazy advancement in what gaming systems look like... stuff we would have never expected. It's going to be the golden age of gaming, brought to you by the AI bubble bursting.

I wish i saw this video 2 days ago 😂

Line 140 should be an “else if”. Attempting the call .message before you’ve made sure that choices array is not empty will throw an uncaught error, since the if statement before this doesn’t return or stop execution of the next if statement.

💪🏾 got my puts waiting

YES, WHEN COMPANIES UNDERSTAND THE COST OF TRAINING (THIS WOULD BE NEEDED FOR EVERY TASK SEPARATELY IF OUTCOME IS TO BE ANYWHERE NEAR ACCURATE) IS WAY HIGHER THAN THE ADVANTAGE IT PROVIDES...SO IN NEAR FUTURE ONLY SIMPLE TASKS CAN BE DONE BY AI - LIKE AUTOMATIC TELEPHONE REMINDERS (HOSPITALS CONTACTING ITS PATIENTS) AND SUCH... OR WHEN TO ORDER FOR FRESH SUPPLIES IN A RETAIL SHOP, OR HOW TO OPTIMIZE SHELF SPACE AGAIN IN A RETAIL SHOP... ALL BIGGER THINGS LIKE ALLOCATION OF CASH FOR VARIOUS TRADES IN A SAY STOCK TRADING FIRM... NEED TO WAIT

Forums were a huge part of early internet. They were definitely useful. Mainstream took a while to adopt because technology as a whole was new. Ai is just exponential. Both in usefulness and bubble forming. Only few will stand, most will get wiped out.

Unfortunately we were at the bubble part but stopped before talking about the crash part

Im not sure if will truly *”crash” but definitely a HEAVY correction is possible where said stocks do not rebound and trade relatively flat for a while, pending a bearish or bullish case based on what utility develops for AI. The real investments to be made now will be in the companies that are utilizing AI to generate revenues. Ex: company that uses AI to somehow massively reduce data server costs by making data costs much more efficient/cheaper to store? Buying that stock on the ground floor before it gets pumped by Wall St will be fat gains

Da skrellz give me some bio techs to short with long puts please sir

Why didn’t you do put options on your pharmaceutical trades instead of short selling? Were there no put options to by on the firms you were shorting? It would have capped your loses in the event of an adverse movement.

So we re going to be fine thanks

Sure buddy

So we won't get AGI?

What is your read on AI/robotics? Will AI/robotics prevent the bubble from popping? Be the next bubble? Or the last bubble?

NVIDIA is the dominant leader in AI and the preferred technology partner globally. Even with new competition on the horizon, NVIDIA is far ahead of the competition. 85% market share. 76% margin. Unrivaled demand for new Blackwell chip. Demand far exceeds production for Blackwell through to 2025 and beyond. No competitor has anything close to Blackwell. And forward P/E is about 33 (cheap for a high growth stock). Buy this stock and wait. You will be rewarded.

Wouldn't biotechs have a massive productivity boost with AI? Seems like the automation will save hours daily. And maybe Biotechs lead us or hold us up during a crash?

AI is driving the mkt, so if there was a bubble in tech, the mkt is headed for extreme pain. Red flag boiling pot would suggest blood to a lot of shorts, but in my opinion, AI is driving the mkt because of the cost it will cut, eliminating the worker

tell that to Pantera Capital launching $200M and Point72 $1B AI-focused funds

There is only so much money. If one part of the market skyrockets, it needs to get fuelled by other parts of the market. At some point, there can not be more money shifted. That's when the inflection point is reached, and everyone knows, it can't go further up. Then panic sets in and everyone sells - because everyone knows that every other participant knows we reached the end of the road. So look out for other parts of the markets. Look out for stagnation of sellouts. Russell 2000 is sold out. Bitcoin goes slowly down. There is still room to pump the Mag 7, but not for very long. I would not be surprised if we see a crash in 2025.

AI is little more than a productivity enhancer & a means to cut administrative costs for a business organization. It has value, yes, but I don’t think the bubble is going to last very long. Where is the revenue? A lot of the tools will be available for free or close to free. Its almost like spell check or electricity. Also, Microsoft is probably the most advanced in AI and they will simply make it a value add to Office and their other products, which means they will dictate to the world how AI is priced. Remember when Steve Jobs said 99 cents for a song on iTunes. Its going to be a similar effect. Organizations that don’t really care about AI will be forced to use it just to keep up with their industry so as not to be left behind, as you correctly mentioned. But yeah, it is a hype but it will quiet down quickly and I think the world will move on. Its really the social ramifications that one has to watch out for when you chop out the administrative class/middle class. Lol

Unless all his hedge fund buddies told him? This will be coordinated sell.

What a great script.

You’re a hero! Thanks for sharing. Our government is out of control.

Holy shit this guy shows his face right

will Daraprim crash aswell?

I disagree that the early internet had very little use for average people. I lived thru that era. The internet had big impact in people’s daily lives back in 1998. Conversely, I don’t see AI being of much use in this era. I sit at a computer at work all day, and I have yet to see an application that I use on a daily basis that has any AI features.

ChatGPT: Carl Icahn and Martin Shkreli clashed over a business disagreement involving Valeant Pharmaceuticals. The conflict began when Shkreli's company, Retrophin, attempted a hostile takeover of the specialty pharmaceutical company, but Icahn, a major shareholder in Valeant, opposed the move. This led to public exchanges of criticism and accusations between the two businessmen. Their dispute highlighted their contrasting approaches to investment and corporate management.

IF AI CRASHES WE WILL SHORT IT DOWN. MONEY MADE.

Good afternoon what are some good investments to make n thanks??

Yes, after elections.

How much did that 15 minute phone call cost?

Current AI will have a big impact, evolutionary for some industries and ways of life, but revolutionary for others, esp if paired with robits, androids, etc. However it will not be revolutionary across the board until Artificial General Intelligence is created, at which point everything will change for humanity, for the good or bad. But I think true AGI, which may or may not lead to sentience, may take far longer than estimated, and in the meantime we'll have ever smarter multi modal AI that will mimic AGI in many ways and could itself cause revolutionary impact in all ways of life.

Good prediction, wouldn’t surprise me.

please buy a better mic and remove the background noise final cut or camtasia has those features

What would you do right now if you only had $1000 to your name?

Trust me. It won't crash, as long as we're innovating towards AGI. And after that, it'll go to ASI. It might taper away a bit while the next update comes, but it won't crash. The market loves shiny impressive things, and there will be no shortage of that until ASI and beyond

Are selling real estate for cash?

this aged well

True, the coummunistic Albanian background lead to the case that I had to explain my coworkers in Germany, what stocks are...they didn´t know what that is...

AI gonna make noob script kiddies to crash hard. Not AI. 😂😂😂

Im an artist and I need to sell my paintings.

Hi Martin, What's your plan for the upcoming crash, ensuing depression and complete collapse of American society?

yes the internet was a fad too and social media I said they would never last

New shit . I knew this. Hopefully y’all know the good Ai coins!!!!!

You can't conflate genetics and investing in the market. Cultural, sure...

The Fiat Money system ans Capitalism will crash first we need a 40% Asset price reduction minimum to balance it out

Why you using Java script tf

From a valuation perspective, NVDA is cheap. My concern deals with its significant weighting in the S&P. Can you talk more about this

Martin if you are Albanian you do not have Slavic roots Albanians have their own roots.

XRP XLM to the moon

Hes making token?

Ar you Albanian or Slavic? Its not the same

The only stock I would consider buying rn is sqqq and uvxy. I’m early but who cares!!!

I disagree 😂😂

HE MADE THE SAME VIDEO 6 MONTH AGO SAME TITLE SAME EVERYTHING and nvidia kept going up 120% this is wrong to misslead begineers u gonna pay for that one day

AI = The newer, sexier name for the same old computer technology, which is fundamentally unchanged from 35 years ago.

“The internal combustion engine industry will crash like the Tulip bubble!” -similar take, circa 1863

Dot com bubble/rush lasted 4-5 years. The AI rush hasn't even been a year. There's still time to run before it does go down eventually.

deep value play imo

Shkreli is a legend

That's just stupid. But i understand why many of you cling to that hope.

😂😂😂😂😂😂😂😂

??

couldnt disagree more. it was immediately obvious that internet was the killer app. before the internet pc's existed offline, and they were cool but there wasnt any killer app. AI otoh, cant really do anything. if you dont believe that, spend 30 seconds interacting with alexa. llm's are painfully limited. color me an AI skeptic until proved otherwise. I think "AI" whatever that means, could be a very useful tool, dont get me wrong. But I dont think it will ever be intelligent per se. I dont think people even really know what it means. I was just reading a review about Microsoft's AI copilot PC's. Apparently they are awful. I would suspect Nvidia is going to lose trillions in value sooner or later. i'm pretty sure thats what this is all about, nvidia.

Bla bla bla

Why are we listening to this criminal again? He's a literal convicted felon who has served time, is literally in the Forbes hall of shame. Everything he's every done he's failed in, that includes trying to pretend like he can run hedge funds and then proceeding to lose ALL of the money, NOT ONCE. He can't predict his way out of a paper bag.

what is he coding

I can sense that too

Hes lost. A.I is not a trend, its literally a new species. A.I is like discovering fire. Its gonna change humanity forever. It may be hard to see that because its in its infancy...but soon itll all make sense.

When AI collapses NVIDIAs stock will get destroyed. If I recall about 2/3 of their revenue is from GPUS for AI.

Hey scammer 😂

He's trying so hard to sound smart. What terribly boring video with little to no substance.

r u not the convicted felon and a scammer

Hallelujah!!!! The daily jesus is good was owning a loan of $47,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $8,000 and got my payout of $270,500 every months, God bless Kathy lien

Shkreli what's the best way to contact you?