BlockBeats News, May 30, Third Point founder and hedge fund mogul managing $240 billion, Dan Loeb, is bullish on AI, stating that the current AI boom is fundamentally different from the Internet bubble era. Loeb pointed out that major tech companies have announced a total investment of over $700 billion this year and over $1 trillion next year in AI infrastructure. However, these companies are highly profitable, generating massive cash flow, and most of the spending can be supported by internal funds. "If you don't believe that this capital expenditure will bring returns, it's like thinking they are flushing money down the toilet, which is very different from the dot-com bubble — we shorted the bubble back then and made good profits in those years." Loeb emphasized that he currently does not see a valuation bubble.

Loeb used Anthropic as an example to support his optimistic view: its latest funding valuation has reached $965 billion, up from $380 billion in February, with annualized revenue soaring from $14 billion to $47 billion during the same period. The adoption rate and practicality of the product are rapidly increasing, and the upcoming new models are highly anticipated. "You can persuasively argue that we have just scratched the surface of the AI boom, and the enterprise-level application is just beginning, so I am in the camp of optimists." In Third Point's latest holdings as of the end of March, Amazon, Alphabet, Meta, and Nvidia are all on its top holdings list.