David Cahn · 19 October 2026 · Additional Read

The Market’s AI Faith Test

David Cahn, GP @ Sequoia

AI markets are pricing in both economic fundamentals (genuine revenue growth, compute shortage) and religious conviction (AGI/doom beliefs), conflating the two; market volatility will persist until investors can separate economic opportunity from existential philosophy.

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Topics: AI (Horizontal) · Venture Capital & Startups

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