We made a bet on the AI market crashing by the end of 2026.
The odds are $5k:$25k with an implied probability of 16.67%. If there is no crash, Remmelt pays Marcus $5,000. If there is a crash, Marcus pays Remmelt $25,000.
An AI market crash will be defined, for the purposes of this bet, as at least 2 out of 3 of the following criteria being met.
Here are our criteria:
- OpenAI's 2025 or 2026 annual revenue is below $1.6 billion.
- Anthropic's 2025 or 2026 annual revenue is below $400 million.
- Nvidia’s data center revenue in any quarter from now to Q4 2026 is below $8.5 billion.
It’s hard to come up with criteria for what constitutes an... (read 267 more words →)
I want to be a counterpoint to this. Ariel Simnegar and I made AltX, which, while we shut down, I think it's hard to say did anything ethically questionable apart from merely trading crypto. We didn't do any scams, no pump and dumps, no nothing. We didn't make crazy amounts of money but we made a decent amount of money for our investors and ultimately decided to shut down since it seemed we would have trouble raising enough money and scaling our arbitrage strategies to make the effort worthwhile. All investments and profits were returned to investors without issue and I continue to have a good relationship with our investors.