The foremost inquiry that business executives and financiers are posing at this moment is: “Are we in an AI bubble?”.
TL;DR
- Many executives and financiers believe the AI sector is in a bubble, questioning its growth and conclusion.
- Anthropic's Claude AI is favored by corporate clients for reliability and security, capturing significant market share.
- Substantial doubts persist about capital in AI due to unverified revenue streams, despite projected spending increases.
- Analysts anticipate a "show me the money" moment for AI post-2026, with potential global market chaos if models prove unviable.
A significant number, including many enthusiastic AI proponents, concur that the answer is affirmative. However, the extent of its potential growth and the manner in which this trend might conclude remain subjects of inquiry that we aimed to investigate within this publication.
For our cover story, AI editor Jeremy Kahn spent time with Dario and Daniela Amodei, the brother-and-sister cofounders who defected from OpenAI to launch Anthropic. Although its large language model, Claude, lacks the widespread brand awareness and consumer adoption of ChatGPT, it has steadily emerged as the favored AI platform for corporate clients, capturing approximately one-third or more of the market share.
The rationale: its standing for reliability and security— the two paramount qualities all businesses require to attract patrons in the present environment.
Despite Anthropic, an AI firm anticipated to achieve profitability significantly sooner than OpenAI, substantial doubts persist regarding the total capital being channeled into nurturing an emerging sector characterized by unverified revenue streams.
At present, the festivities can proceed. Goldman Sachs projects that spending on AI capital expenditures will reach $390 billion by 2025 and climb even higher the following year, spearheaded by major technology firms such as Microsoft, Alphabet, and Meta. A significant portion of these funds is being allocated to merely 10 interconnected businesses, where large corporations are injecting capital into emerging AI ventures, which then funnel funds back to them by purchasing their offerings. For an in-depth examination of Nvidia's central position within this self-sustaining AI ecosystem, consult “Nvidia looked invincible. Now it’s showing cracks” authored by Shawn Tully of Coins2Day.
After 2026, analysts suspect the AI industry and global markets will be forced to have a “show me the money” moment, as executive editor Jim Edwards explains in “The stock market is barrelling toward a ‘show me the money’ moment for AI—and a possible global crash”. And if the AI business models and efficiency gains remain largely unproven by then, the fallout could cause global stock market chaos.
Ultimately, as Anthropic's CEO, Dario Amodei, stated: “Business should care about bringing in cash, not setting cash on fire, right?”
In another section of this publication, we mark the conclusion of Warren Buffett's significant period leading Berkshire Hathaway, as he transfers the chief executive role to his long-serving deputy, Greg Abel (find our profile here). To further illustrate Buffett's status as the greatest of all time, consider this interesting detail: a $1,000 investment in Berkshire when Buffett assumed command in 1965 would now be valued at $60 million. We pulled together his top five rules for investing here. Additionally, you'll discover advice from our finance team on how to invest if the markets turn rocky next year.
Thanks for reading!
This article appears in the December 2025/January 2026 issue of Coins2Day with the headline “The question no one can afford to ignore.”
