Tech Bubble Expert: Has The AI Bubble Turned into A Huge Scam?

<p>Dr Jeffrey Funk, the world-leading expert on tech bubbles, returns to analyse the financial reality behind Anthropic&#39;s latest leaked financials and the potential IPO disaster.</p><p><br></p><p>We also examine how the tech sector uses the concept of Total Addressable Market (TAM) to justify massive capital injections into companies like Anthropic and OpenAI, despite a lack of significant ROI.</p><p><br></p><p>Investors are being pushed to bet heavily on an out-of-this-world, lucrative AI future. Still, we need to look past the marketing to assess whether these models can generate sustainable revenue.</p><p><br></p><p>The current AI investment landscape is fraught with risks, particularly for pension funds and university endowments now being asked to back these firms. Not to mention Trump&#39;s latest antics, including renaming AI as &quot;Super Intelligence&quot; and floating the idea of public ownership of OpenAI and Anthropic.</p><p><br></p><p>Join the conversation and tell us whether you think the AI bubble has now entered the Ponzi scheme territory and whether it should be seen as a scam.</p><p><br></p><p>Support our independence and help us keep our content free for all to access by becoming a member: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠<a href="https://RetortMedia.com/Support" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠https://RetortMedia.com/Support⁠⁠⁠⁠</a></p><p><br></p><p><strong>Episode Notes &amp; Citations:</strong></p><p><a href="https://theretort.com/podcasts/ceoretort/2026/10/05/jeffrey-funk-reveals-whether-the-ai-bubble-turned-into-a-huge-scam-with-anthropics-leaked-financials/" target="_blank" rel="noopener noreferer">https://theretort.com/podcasts/ceoretort/2026/10/05/jeffrey-funk-reveals-whether-the-ai-bubble-turned-into-a-huge-scam-with-anthropics-leaked-financials/</a></p><p><br></p><p><strong>Sponsors &amp; Offers:</strong></p><ul><li>Proton Mail – Secure email that protects your privacy, with a 30-day money-back guarantee. Start with as little as $1: <a href="https://www.proton.me/retort" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.proton.me/retort⁠⁠⁠⁠⁠⁠⁠⁠⁠</a> </li><li>Brain-FM – Peak your productivity on demand with Neuromusic. Get an extended 30-day free trial without limits: <a href="https://www.brain.fm/ceor" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.brain.fm/ceor⁠⁠⁠⁠⁠⁠⁠⁠⁠</a></li></ul><p><br></p><p><strong>Subscribe to The CEO Retort:</strong></p><ul><li>YouTube: <a href="https://www.youtube