[Peter Schiff Warns AI Bubble is Bursting, Kimi K3 Intensifies Low-Cost Competition Pressure] Odaily Planet Daily News: Economist and Bitcoin critic Peter Schiff stated that as Chinese AI model competitors rise rapidly, the AI bubble is further deflating. The Kimi K3 launched by Moonshot AI (Dark Side of the Moon) is strengthening China's low-cost AI competition, putting pressure on the valuations of U.S. AI-related companies. He noted that the current market is experiencing 'not a bubble in AI technology, but a bubble in AI stocks,' and believes this bubble may already be starting to burst. Peter Schiff mentioned that AI-related stocks are underperforming, with SPCX currently trading below $121, approximately 11% lower than its IPO price and down over 46% from its historical peak. As low-cost AI models continue to emerge, the market's previous high-growth expectations for AI companies may face reassessment. Investors need to be cautious about the risk of valuation corrections in AI concept stocks. However, Peter Schiff also emphasized that AI technology itself is not a bubble; the real impact is on the valuation frenzy in the capital markets surrounding the AI theme.