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MARA CEO: Current AI Development Environment Similar to the 2000s Internet Bubble

MARA CEO: Current AI Development Environment Similar to the 2000s Internet Bubble

Bitget2024/10/17 22:32

Fred Thiel, CEO of bitcoin miner MARA (formerly Marathon Digital), has warned that the current AI environment is similar to the dot-com bubble of the 2000s, and that many companies may have overbuilt their infrastructure in the face of insufficient demand.

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