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The AI Barbell: A Market Structure Unlike Anything Since 2000

Thomas Look's avatar
Thomas Look
Feb 16, 2026
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By Thomas, Managing Director — Closelook Venture GmbH

February 16, 2026

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The stock market is simultaneously pricing AI as the greatest wealth creator in history — and fleeing from it as the greatest destroyer of business models ever seen.

That’s not a contradiction.…

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