Is the AI Bubble About to Pop?

Is the AI trade getting crowded?This week on Hivemind, Delphi Ventures Partner Tommy Shaughnessy joins the show to debate one of the biggest questions in technology and markets today: can OpenAI and Anthropic justify their valuations, or is open-source AI about to take market share?The team discusses enterprise AI spending, the economics of frontier models, the rise of open-source alternatives, SpaceX's IPO, the AI bubble debate, Hyperliquid's continued growth, and the latest developments surrounding Zcash and the private Bitcoin thesis.TIMESTAMPS00:00:00 Introduction & Market Outlook00:05:00 OpenAI, Anthropic & Enterprise AI Spending00:08:53 Open Source vs Frontier Models00:24:41 Are We In An AI Bubble?00:35:17 SpaceX IPO & Equity Issuance00:38:13 AI Regulation & Political Risk00:53:36 Hyperliquid & HYPE01:04:14 Zcash & The Private Bitcoin Thesis01:13:16 Final ThoughtsLink to our Youtube: https://www.youtube.com/@Delphi_DigitalFollow Ceteris: ⁠https://x.com/ceterispar1bus⁠ Follow Jason: ⁠https://x.com/3xliquidated⁠ Follow Tommy: https://x.com/Shaughnessy119Follow Jose: https://x.com/ZeMariaMacedoFollow Kevin: https://x.com/Kevin_Kelly_II