The NFT/web3 comparison is tempting but I think it misses something. NFTs had no underlying utility beyond speculation. AI is already generating real revenue for companies that figured out the execution layer. The bubble isn't in the technology, it's in the gap between what gets announced and what actually gets deployed.

The circular investment thing is real though. Half the "AI investments" are just cloud compute commitments rebranded as strategic AI spending. That part is absolutely going to unwind.

Is the US really no different? I can name at least a few US companies making a serious attempt at AI stuff, and while I haven't invested in any of them I can understand how billions of dollars are being thrown around here.

But in the UK? What UK AI orgs are there? Deep Mind is/was but they're owned by Google since a long time ago. Is there even a single large UK company taking money for AI that isn't just flagrantly scamming by any measure?

I don't disagree, but I can't join you wishing for it to happen. It's going to be bad for all of us.

> is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait.

When was that? Seems I missed it, the market cap of cryptocurrencies in general seems to still be around ~2.5T USD, way above what I thought an "implosion" would mean.