Pascal Hetzscholdt on Mythryl: “The AI boom: It’s neither a fairytale nor fake news. But valuations…”

@p4sc4l.substack.com

The AI boom: It’s neither a fairytale nor fake news. But valuations and a fast-growing pile of debt are priced on roughly $4.2 trillion of annual revenue that does not yet exist, while evidence that customers earn a return is thin. p4sc4l.substack.com/p/the-ai-boo...

p4sc4l.substack.comThe AI boom is best described as a real technology inside a financing bubble: the supply layer earns large audited profits and end-user revenue is growing fast. It’s neither a fairytale nor fake news.But valuations and a fast-growing pile of debt are priced on roughly $4.2 trillion of annual revenue that does not yet exist, while evidence that customers earn a return is thin.

3/10/26, 11:58 am0 reposts0 likes

Post