German AI researcher and hedge fund manager Leopold Aschenbrenner became the poster child for the hubris of an AI-obsessed Wall Street last month. Investors have become wary of big tech companies’ ever-higher capital expenditure forecasts as concerns over an AI bubble continue to mount. Staying on track and maintaining high profit margins has become a high risk high reward game. Put simply, AI companies aren’t making any significant amount of money from providing a worthwhile product, but from “capital raised by the layer losing money,” per Slok. More on AI: VC-Funded Startups Linked to Persistent FraudThe post AI Investors Are Suddenly Quaking in Their Boots appeared first on Futurism.