Episode Details

Plus: how the AI bubble pops

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Sources:

• OpenAI, AMD Announce Massive Computing Deal, Marking New Phase of AI Boom https://www.wsj.com/tech/ai/openai-amd-deal-ai-chips-ed92cc42
• Nvidia to invest up to $100bn in OpenAI https://www.ft.com/content/d3caeac1-def8-45ae-b56b-e34c7c435ccc
• SoftBank Seeks $5 Billion Margin Loan Backed by Arm Stock https://www.bloomberg.com/news/articles/2025-10-10/softbank-in-talks-for-5-billion-margin-loan-backed-by-arm-stock
• 'Circular' mega-deals by Bay Area tech giants are raising eyebrows https://www.sfgate.com/tech/article/circular-deals-bay-area-tech-21089538.php
• Financial Policy Committee Record – October 2025 https://www.bankofengland.co.uk/financial-policy-committee-record/2025/october-2025
• Big Boss Interview: #3 JPMorgan CEO Jamie Dimon: The AI Bubble Will Burst https://www.bbc.co.uk/sounds/play/p0m7h23s

Previously on Pivot to AI:

• a16z raising fresh $20b to keep the AI bubble pumping https://pivot-to-ai.com/2025/04/10/a16z-raising-fresh-20b-for-ai-bubble-investments/
• video: https://www.youtube.com/watch?v=M7a1-6MU3QA&list=UU9rJrMVgcXTfa8xuMnbhAEA
• In 2025, venture capital can't pretend everything is fine any more https://pivot-to-ai.com/2025/05/03/in-2025-venture-capital-cant-pretend-everything-is-fine-any-more/
• video: https://www.youtube.com/watch?v=VcSnLt6Knbs&list=UU9rJrMVgcXTfa8xuMnbhAEA
• AI winter is in the air! But we think the AI bubble keeps going until 2027 https://pivot-to-ai.com/2025/08/23/ai-winter-is-in-the-air-but-we-think-the-ai-bubble-keeps-going-until-2027/
• video: https://www.youtube.com/watch?v=vp1-3Ypmr1Y&list=UU9rJrMVgcXTfa8xuMnbhAEA
• SoftBank needs OpenAI to stay alive — no matter what https://pivot-to-ai.com/2025/08/27/softbank-needs-openai-to-stay-alive-no-matter-what/
• video: https://www.youtube.com/watch?v=zTYxEVRiCvM&list=UU9rJrMVgcXTfa8xuMnbhAEA
• The finance press finally starts talking about the 'AI bubble'

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