#232 Itamar Novick | AI is a Bubble, Just Not the One You Think

Is AI actually in a bubble… or are we looking in the wrong place?In this episode of the Stonks Go Moon Podcast, Rocco Strydom sits down with Itamar Novick, Founder and General Partner at Recursive Ventures, operator, investor, and one of the early minds behind scaling companies from startup to IPO. The discussion dives deep into the current AI landscape, separating hype from reality and asking where the real opportunities are emerging.While everyone is slapping “AI-powered” onto products, Itamar argues the real bubble isn't AI applications — it's AI infrastructure. Data centers, energy, large language models, and the underlying stack are attracting enormous attention, while the real application layer may still be early.⚡ Topics covered:Are we in an AI bubble or an infrastructure bubble?Why vibe coding may be one of AI's first real winnersWill white-collar jobs disappear?AI and the future of reskilling the workforceWhy governments, VCs, and big AI companies all share responsibilityAI in sales, content creation, and autonomous agentsAdvice for founders raising capital in the AI eraWhy VCs no longer fund ideas — they fund tractionThe rules for startups are changing. The barrier to building has dropped dramatically, but standing out may be harder than ever.