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The John Batchelor Show

Chris Riegel of SCALA.COM argues against immediate deflation of the AI bubble, despite inevitable losers. Continued investment and services built on AI stacks suggest huge future returns for successful companies.

The John Batchelor Show

John Batchelor

News, Society & Culture, Books, Arts

4.52.8K Ratings

🗓️ 25 September 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Chris Riegel of SCALA.COM argues against immediate deflation of the AI bubble, despite inevitable losers. Continued investment and services built on AI stacks suggest huge future returns for successful companies.
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Transcript

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0:00.0

Building a coffee business?

0:01.9

Serving the best Americano in town is up to you.

0:04.1

But winning back time and growing your business, leave that to sum-up. Take orders and payments anywhere with the new sum-up terminal. Turn occasional customers into regulars with a free loyalty program. And with the sum-up point-of-sale system, you'll always know when you're running low on your best-selling blends. Visit sumup.com.com to learn more. This is John Batchel speaking with

0:22.5

colleague Chris Regal of Scholar.com. The stories in the Financial Times out of London continue

0:29.3

to point to the possibility, the doubts that AI is a real thing. Instead, they use the term bubble or South Sea or Tulips famous bubbles in history.

0:42.8

So I ask Chris, why the bubble talk? Where's it going? What does it mean? His answer is based upon

0:48.9

previous accusations of bubbles of earlier technology. Here's Chris Wrigal.

0:54.8

Much more of this tonight.

0:57.0

So, John, I'd first say, that's probably a bit of envy from the Brits.

1:00.5

But secondly, there will be some companies that fall out of this market.

1:04.2

Anytime you do advance tech and have a big investment, not everyone will win.

1:08.4

But if 10% of those companies, when you'll see the returns being 50x, 100x for those

1:14.1

for the investors in the right companies. So like everything else that will be competitive, there will be

1:18.7

winners and losers. Is it a bubble? Maybe. Is it a bubble that deflates or pops? Probably not,

1:24.6

at least for several years, based on the continued investment, as well as the services that you're seeing build up on the base stacks of AI in many different fields today.

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