Episode 2023: How the AI "bubble" isn't really a bubble and why Keith Teare might be emigrating to China

Is there such a thing as an economic bubble? Not according to That Was The Week author Keith Teare who argues that all bubbles reflect innovation and promise (even if you lose your shirt by investing in tulips or dotcoms). While Keith still doesn’t seem to have met a bubble he wouldn’t invest in, his argument probably does make sense for the current “AI bubble” which many skeptics today are writing off as just more irrationally exuberant techno-babble. For all his critique of techno-pessimism, Keith himself sounded pessimistic this week about the future of innovation, arguing that it’s China now, rather than America, that captures the really disruptive spirit of Silicon Valley. Keith Teare is a Founder and CEO at SignalRank Corporation. Previously he was Executive Chairman at Accelerated Digital Ventures Ltd - A UK-based global investment company focused on startups at all stages. He was also previously the founder at the Palo Alto incubator, Archimedes Labs. Archimedes was the original incubator for TechCrunch and since 2011 has invested, accelerated or incubated many Silicon Valley startups including Around (sold to Miro), Millicast (Sold to Dolby), InFarm, Miles, Quixey; M.dot (sold to GoDaddy); chat.center; Loop Surveys; DownTown and Sunshine. Teare has a track record as a serial entrepreneur with big ideas and has achieved significant returns for investors. Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children. Keen On is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe