'I call it the ‘dot AI’ bubble, and it hasn’t even started yet.'
Ironically, Mostaque has raised over $100 million from investors, according to, which would mean he appears to be a significant contributor to the growing AI bubble himself — which raises the question: why is he raising funds for an industry that he thinks could eventually collapse in on itself?
It's difficult to reconcile the opinion that AI is "the biggest bubble of all time," while also telling investors last week that AI needs an investment of $1 trillion "because it’s more important than 5G as infrastructure for knowledge."There's a good chance that Mostaque is simply hedging his bets to appease investors. After all, you can't be wrong if you maintain that any outcome is possible.
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