20VC: The AI Bubble Will Burst: Half the Neoclouds Will Die | China: Should We Ban Chip Exports & Be Fearful of Chinese Open-Source | Mag7: Who Dies and Who Thrives: Why Meta is Meh and Microsoft is Mega

Jerry Murdock of Insight Partners joins Harry Stebbings to discuss the state of the AI market, arguing that an AI valuation bubble will burst within the next 18 months and that half of all current 'neocloud' companies will disappear within 36 months. Murdock also assesses the competitive landscape among the major AI labs, suggesting open-source models will surpass closed-source leaders like OpenAI and Anthropic, while framing the rise of Chinese open-source AI as a much greater threat than chip exports. The conversation extends to the Mag 7, where Murdock makes a bull case for Microsoft and expresses deep skepticism about Meta's and Apple's AI strategies, warning of an impending cybersecurity crisis driven by AI-powered attacks.