"Is there an AI bubble?” Gavin Baker and David George

David George from a16z and Gavin Baker from Atreides Management discuss the state of AI, addressing whether it's in a bubble by comparing it to the internet bubble of 2000, noting the key difference of "dark fiber" versus the current high utilization of GPUs. They explore AI's impact on capital allocation, infrastructure spending, business models, and margins, and debate the competitive landscape among companies like NVIDIA, Google, AMD, and others, including the potential for "round-tripping" deals. The conversation also covers the application layer, the role of SaaS businesses, and the consumer side, including the potential for AI-driven business model shifts and the future of robotics with Tesla and Chinese companies leading the way.