There is nonzero probability that AI capex produces poor returns for some investors or creates supply-demand imbalances leading to diluted returns, or that technology costs decline over time such that faster spending is suboptimal to waiting.
forecastpending
Speaker
Jammon BallEvidence Quote
“there is a nonzero probability here that at least for some of the players they don't see a return on that investment or or or that you get a supply demand imbalance in the middle I or you get a diluted return right that that you all overspend and had you just waited and spent slower the cost of the technology would come down it would cost you less over time”
Source
Ep19. State of Venture, AI Scaling, Elections | BG2 w/ Bill Gurley, Brad Gerstner, & Jamin Ball— Bg2 PodCreated: 8/10/2026, 10:49:01 PM
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