> The AI bubble is just waiting for the first player to scream mercy and cut capex as they simply can’t afford to throw more cash on the burning pile. That will

> The AI bubble is just waiting for the first player to scream mercy and cut capex as they simply can’t afford to throw more cash on the burning pile. That will be the trigger that implodes this bubble Deepseek v4 and Kimi k3 have tightened the screws on the frontier models. With open-weights, anyone can host these for cost of compute. So, there is zero leverage left for the frontier labs. What implodes it in my view is that enterprise adoption will stall. Enterprises are struggling to actually use these things in real workflows outside of coding and support.