In the October 17 episode of the "All-In Podcast," a16z co-founder Ben Horowitz, angel investor Jason Calacanis, venture capitalist Chamath Palihapitiya, and former White House AI and Crypto lead David Sacks gathered to deeply analyze the market pressures facing the AI industry. They generally agreed that the current volatility is not a bubble bursting, and that AI computing resources remain structurally scarce. Amazon AWS head Andy Jassy confirmed that GPU supply tightness will persist beyond the end of 2028. However, Palihapitiya warned that AI infrastructure's deep reliance on floating-rate financing is a key risk, and if the 10-year US Treasury yield rises to 6%, related business models will face severe challenges. Meanwhile, computing power provider CoreWeave's bond yields recently surged to around 15%, and its credit default swap (CDS) risk soared to approximately 953 basis points, implying about a 55% chance of default within five years, raising market concerns about its excessive leverage. Leaked financial data from large language model giant Anthropic showed its third-quarter revenue reached $16.8 billion, with a net revenue retention rate of 900%, and it is preparing for an IPO around Thanksgiving this year at a valuation of approximately $2 trillion.