alt Hacker NewsThere is an AI bubble just like there was a dotcom bubble; the fact that it is a real technology with real uses we with world changing long-term impacts does not mean that the recent investment hype will not soon be recognized as excessively exuberant given the actual payoffs to investors and the timelines on which they will be realized.
(And putting masses of people out of work and and thereby radically destabilizing capitalist societies, to the extent it is a payoff, is a payoff with a bomb attached.)
The dotcom bubble was a bunch of Silicon Valley types buying fancy domain names and getting showered in money before they even released anything remotely useful.
AI companies are releasing useful things right this second, even if they still require human oversight, they are also able to significantly accelerate many tasks.