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Arthur Hayes: AI Bubble Centers on Data Center Debt and Unprofitable AI Companies, Still Bullish on the Agentic Economy

2026-08-19 02:08

Odaily Planet Daily News: Arthur Hayes posted on X, saying someone asked him why he is launching an AI/crypto project when he believes AI is a bubble that will burst. He stated that the bubble exists in the debt used to build data centers, as well as in the stocks of unprofitable hyperscale cloud providers and frontier labs. Price is what you pay; value is what you get. He is 100% confident in the Agentic Economy, and the excess computing power brought by debt-funded construction supports his judgment on Flop Labs.

Previously, it was reported that Arthur Hayes announced he would end his retirement and lead Flop Labs. Flop Labs is the "food" for AI agents. The project has no presale, no venture capital participation, and adopts a 100% fair launch model.