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Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next

ID
32607
Status
summarized
Published
07 Oct 2026, 8:49 AM
Fetched
07 Oct 2026, 9:07 AM
Provider
CNBC Technology
Category
technology
Original URL
https://www.cnbc.com/2026/10/07/flop-ai-boom-arthur-hayes-bitcoin-bitmex-coinferencex-.html
Source URL
https://www.cnbc.com/id/19854910/device/rss/rss.html

Summary

Score
3.0
Created
07 Oct 2026, 9:08 AM
Tags
Audience
saas_startup_foundersai_ml_learners

What happened

Arthur Hayes, former BitMEX CEO and co-founder/CIO of Maelstrom, said at the Gamma Prime Investing Conference in Singapore that humanity is 'wasting multi-trillion dollars' on AI data-center buildout. He expects a key test in late 2027 or 2028, when new data-center capacity is delivered and customers face their compute commitments, potentially leading to a crash and bailout that benefits bitcoin and crypto. He argues the buildout will make computing power 'extremely cheap and extremely plentiful.'

Why it matters

For founders and AI/ML builders, the only concrete planning detail is the late-2027/2028 timing around data-center capacity and customer compute commitments: if that glut arrives, short-term GPU or inference prices could fall, but a capex correction could also tighten startup funding. The article gives no Malaysia-specific policy, funding, or infrastructure detail beyond the Singapore conference venue, so treat this as macro opinion rather than a local action trigger.

Discussion angle

Should AI startups avoid long-term GPU or inference commitments in case the late-2027/2028 capacity glut arrives, or are those commitments the only realistic way to secure supply today?

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