Scaramucci: AI Is Sucking Capital Out Of Everything

Summary

Anthony Scaramucci argues the current AI boom differs from the dot-com era because companies like Google and Microsoft have enormous direct-to-consumer AI assistants, creating a B2C opportunity with billions of potential subscribers. He warns that the massive AI capex is draining capital from crypto and other sectors, but remains bullish on Bitcoin and Solana due to the tokenization trend, and on immunotherapy as a major innovation wave.

• AI assistants (Gemini, Copilot) have an 8-billion-person addressable consumer market, unlike Web 1.0 infrastructure plays.
• Internet expansion will add another 1–2 billion users over the next five years, widening the AI consumer base.
• The AI capex boom is sucking capital out of crypto and other parts of the economy, creating underinvestment elsewhere.
• Scaramucci holds large positions in Bitcoin and Solana, betting on the tokenization of real-world assets.
• He is also investing in immunotherapy, calling it the next big wave in biotech.
• Government involvement in AI companies is seen as realistic and not necessarily detrimental to capitalism.