AI is a huge bubble, just as dot-com was a huge bubble (I remember when people spent huge amounts of money to have key .com domains; as much as people paid for linux.com back then, the domain essentially went nowhere), and just as buying houses for too much money with loaned money was a huge bubble.

Just as with the two previous bubble, we’re seeing companies hemorrhaging huge amounts of money, and when the dust settles the market is going to crash big time like it did with the two previous bubbles.

Unlike previous bubbles, this bubble isn’t giving people high paying jobs until everything crashes (programmers with the dot-com bubble; construction people during the real estate bubble), but it very annoyingly is making memory and SSD storage cost far too much causing computers to cost about 150% as the cost two years ago before the AI bubble was in full force, forcing Apple to make a “MacBook Neo” model with the absolute minimum of ram and SSD storage space.

Like the dot-com bubble, we will have very few winners left (with dot-com, the big winners were Amazon and Google) but unlike the previous bubble, it’s incredible how political this particular bubble is (i.e. the controversy around Grok).