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Billionaire Investor Compares AI Frenzy to Dot-Com Crash and Crypto Bubbles

Published on July 18, 2026

Categories: Ai Market Analysis Finance

Zerodha co-founder Nikhil Kamath and Coinbase CEO Brian Armstrong have expressed concerns regarding the escalating valuations of leading AI companies such as OpenAI and Anthropic. They draw parallels between the current AI market and historical events like the dot-com crash and previous crypto bubbles, signaling potential structural threats amidst increasing investor skepticism.

Zerodha co-founder Nikhil Kamath and Coinbase CEO Brian Armstrong warned that the sky-high valuations of premium AI companies like OpenAI and Anthropic face a massive structural threat. The alarm arrives amid growing investor skepticism, as both leaders compared today’s AI frenzy to the dot-com crash and past crypto bubbles.

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