Council Post: ​AI Bubble Or Not? Where Opportunities Could Lie For Founders

The CEO of Sedifly, Joash Lee, argues that the current AI enthusiasm may feel “bubble-like” in infrastructure, while the biggest founder opportunities may still lie in application layers. Writing in the context of SpaceX’s mid-June record-breaking IPO and high-profile moves by firms like OpenAI and Anthropic toward potential public listings, Lee contrasts fast-rising infrastructure spending with slower application deployment. He cites Nvidia’s fiscal 2026 revenue of $215.9 billion, with data center sales near $62 billion in Q4, and notes AI captured more than half of global venture funding in 2025. He also points to elevated infrastructure valuation multiples, while warning that many AI pilots fail to produce measurable profit-and-loss impact, citing a widely referenced MIT NANDA finding and McKinsey’s 2025 survey.