By Elliot Goodell Ugalde
Publication Date: 2025-11-30 13:51:00
When OpenAI’s Sam Altman told reporters in San Francisco earlier this year that the AI sector was in a bubble, the American tech market reacted almost immediately.
Combined with the fact that 95 percent of AI pilots fail, traders viewed his remark as a broader warning. Although Altman was specifically referring to private startups and not publicly traded giants, some appear to have interpreted this as an industry-wide assessment.
Tech billionaire Peter Thiel, for example, sold his Nvidia holdings, while American investor Michael Burry (of The big short film Fame) has made multi-million dollar bets that companies like Palantir and Nvidia will lose value.
What Altman’s commentary really exposes is not only the fragility of certain companies, but also the deeper tendency predicted by the Prussian philosopher Karl Marx: the problem of excess capital no longer finding profitable outlets in production.