Capital de TokensKimi K3: threat to Nvidia or AI bubble?
Watch on YouTube The obvious reading says: “Kimi K3 threatens Nvidia because it uses less compute.” The more interesting reading says: “Kimi K3 threatens the margins of some closed models, but it may increase total AI usage and reinforce the need for infrastructure.” And the more uncomfortable reading adds something else: there may simultaneously be a real revolution and a partial bubble. That often happens with major technologies. The internet was real, but many dot-com companies were not viable businesses. The excess fiber eventually proved useful, but not all investors got paid. Something similar could happen with AI.
The obvious reading says: “Kimi K3 threatens Nvidia because it uses less compute.” The more interesting reading says: “Kimi K3 threatens the margins of some closed models, but it may increase total AI usage and reinforce the need for infrastructure.” And the more uncomfortable reading adds something else: there may simultaneously be a real revolution and a partial bubble. That often happens with major technologies. The internet was real, but many dot-com companies were not viable businesses. The excess fiber eventually proved useful, but not all investors got paid. Something similar could happen with AI.
Full episode: https://youtu.be/5MHGD8DIHpo
🤖 AI-generated content: the script, voices, and images in this episode were produced using artificial intelligence tools.
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