Silicon Valley’s AI Bets Are Built on Hype, Hope and Hubris.

On a recent trip to San Francisco to take the pulse of Silicon Valley, I found it racing — but the belief in AI’s future was also underpinned more by anecdotes, theories and hunches than data and facts.

 One startup founder cited their “strong intuition” that AI tools will be used more broadly beyond coding. 

It’s a disconcerting takeaway from the people behind what may be the most expensive infrastructure buildout in history, which risks sending shockwaves through financial markets if the projected revenue doesn’t arrive quickly enough.

Parmy Olson Bloombeg November 2, 2026 

https://www.bloomberg.com/opinion/articles/2026-11-02/anthropic-ipo-silicon-valley-s-ai-bets-are-built-on-hype-hope-and-hubris?srnd=homepage-europe

Parmy Olson is a Bloomberg Opinion columnist covering technology. A former reporter for the Wall Street Journal and Forbes, she is author of “Supremacy: AI, ChatGPT and the Race That Will Change the World.”


Parmy Olson “Supremacy: AI, ChatGPT and the Race That Will Change the World.”

https://www.amazon.com/dp/1250337747?lv=shuf&channelId=520&plpRedirect=mhFallback



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