Subsidies for growth, open source eats profits, assets scrapped in three years—this script sounds like the GPU version of the 2000 internet bubble. The Tether boss dares to say it, I dare to share.

CoinWorld news, Tether CEO Paolo Ardoino stated that the AI industry expands its user base through subsidized computing power, relies on high capital expenditure to drive infrastructure expansion, with assets depreciating rapidly within 3 to 5 years, creating mismatches between token prices and real value, profit cycles and capital investment cycles, capital costs and debt maturities, as well as the trend of open-source AI eroding revenue space, and industry risks are accumulating.