BlockBeats news, on May 30, Dan Loeb, the founder of Third Point and a big player managing a $24 billion hedge fund, is bullish on AI, stating that the current AI craze is completely 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 for AI infrastructure, but these companies are generating strong profits and substantial cash flow, with most of the spending backed by their own funds. "If you don't believe these capital expenditures will yield returns, it's like saying they're flushing money down the toilet, which is very different from the internet bubble — we shorted the bubble and made decent gains during those years." Loeb emphasized that he does not see a valuation bubble at this time.

Loeb uses Anthropic as a case study to back his bullish stance: its latest funding round values it at $965 billion, up from $380 billion in February, with annual revenue skyrocketing from $14 billion to $47 billion during the same period. The adoption rate and utility of its products are rapidly increasing, and the upcoming new model is highly anticipated. "You could convincingly argue that we’ve just scratched the surface of the AI hype, and enterprise-level applications are just getting started, so I’m firmly in the bull camp." As of the end of March, Loeb's Third Point portfolio prominently features Amazon, Alphabet, Meta, and NVIDIA.