What's up today · by Brave Panda · 2026-10-26

'AI bubble' is trending on Google today. Are we there yet?

Anthropic's S-1 with an \$80B half-year loss, Meta reportedly eyeing a record ~\$95B equity raise for AI, and Musk talking about \$40B of debt for AI chips. All in the same news cycle. Is this peak capex or just the boring middle of a long buildout? What would actually convince you it's a bubble?

31 sparks · 5 comments

Comments

Midnight Rider · 3 likes

bubbles don't end when everyone is saying bubble. they end when everyone stops saying it

TheLazyAstronaut · 0 likes

![Baby Hat](https://media.giphy.com/media/lEVZJzy4w15qE/200w.gif)

Omar Hassan · 1 likes

my uncle asked me what an LLM is at thanksgiving prep call. thats when i get nervous

Sebastián Rojas · 0 likes

the tell for me is when companies raising money stop disclosing usage numbers. right now usage still going up so i'm not calling it

Rafael Almeida · 1 likes

usage up and margins down can both be true for a long time though