{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"AI Neanderthal by Malcolm Werchota","title":"#57 - Is the AI Bubble Popping? Intel Crashes, UBS Counts 12,700 AI Agents, and a Satellite Writes a Haiku","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/037ec187\"></iframe>","width":"100%","height":180,"duration":1567,"description":"Intel falls almost 30% in a day as investors sell AI stocks, UBS counts more than 12,700 personal AI agents, and a Google satellite answers with a haiku. Is the AI bubble popping? Malcolm thinks it is a recalibration.\n\nRecorded around midnight in Beijing, a day after Shanghai, with a visit to the Unitree offices planned for Thursday.\n\nIn this episode:\n📉 Intel and the AI stock sell-off (01:26) — Malcolm says CNBC reported an AI stock sell-off last Friday that began with Alphabet's worst day ever; the Nasdaq fell sharply, Micron and Nvidia dropped, and Intel fell most, by about 25 to 30 percent, its worst day in 40 years. Intel's quarter looked good, with 16.5 billion dollars of revenue, up 21 percent, but the outlook of 15 to 16 billion disappointed analysts, and a deadly explosion at an Intel factory in Israel is expected to cost about 300 million dollars of revenue. Money moved into Coca-Cola, Walmart and pharma stocks, and he cites a chart from an Andreessen Horowitz newsletter showing the AI gains of January to June largely gone. His view: a recalibration after a high, not the start of an AI bear market, because chipmakers cannot meet demand for the next two to three years, although AI profits are not automatically good news for investors.\n🏦 UBS: more than 12,700 personal AI agents (07:30) — Malcolm says UBS, the Swiss bank that took over Credit Suisse in 2023, reports that its staff built more than 12,700 personal AI agents, and he stresses that there are many ways to define an agent. For him the number shows this is no longer a pilot. He adds that UBS claims 18,000 software developers use AI coding tools, which he finds notable because many European companies are scared of them, and he says UBS's slow job cuts come mainly from the merger, not from AI. He admits UBS is only where AI Neanderthals were two years ago, but gives it kudos for starting.\n🔑 Cisco: unlimited tokens for a young engineer (11:27) — Cisco, the American network equipment maker, gave a...","thumbnail_url":"https://img.transistorcdn.com/0Up7tcMuVZ4o57Iv4ifZS1RwZ9v586rtihtmL6xMbcU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9hMjM5/YzFjODNkNmY4NDNk/MDllMDE5NGQ3MjE4/NTM3ZS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}