Shekhar Kapur on AI Valuation and the Myth of Bubbles
Filmmaker Shekhar Kapur responded to comments by former FTC Chair Lina Khan, who suggested that society is currently experiencing an “AI bubble.” Kapur offered a different view, emphasizing that the true issue lies not with artificial intelligence itself, but with the market’s exaggerated valuations and speculative tendencies.
“We are not going through an AI bubble. We are going through a manipulated valuation bubble. Valuation is a story that if told long enough becomes a myth.”
Kapur compared the current enthusiasm around AI to past real estate booms, where property values soared without grounding in sustainability, driven primarily by investor greed. He suggested that AI could suffer the same fate if treated as a speculative asset rather than a transformative technology meant to enhance human productivity.
In his words, AI remains one of the most democratic tools of innovation—its misuse by financial markets and hype is what risks turning progress into illusion.
Author’s Summary
Shekhar Kapur warns that the danger around AI lies in inflated valuations fueled by hype, not in the technology itself, and urges a return to realistic, grounded innovation.