~hyperlinks

An eventual plateau can be much higher than this current point though.

AI is clearly making permanent changes to lots of production processes and giving firms cover to rip off a bunch of old band aids.

Undisciplined

(retail) dumb money hasn't had much of a chance yet. Give it 6 months and all these IPOs, and we've got the recipe for mania

denlillaapan

It's hard to see what will pop the AI bubble. Taking a step back and looking at Anthropic or OpenAI about to IPO for a trillion odd seems like a bubble to me. Especially if it plateau's and free Chinese models get about as good and people stop paying for it.

On the other hand I'm not seeing the kind of euphoria and dumb money coming in that would signal a top. I guess it continues for a while.

econ

AI: Boon, Bane, or Bubble? "Maybe Pause the Whole Thing" (FT, Martin Wolf)

It's hard to see what will pop the AI bubble. Taking a step back and looking at Anthropic or OpenAI about to IPO for a trillion odd seems like a bubble to me. Especially if it plateau's and free Chinese models get about as good and people stop paying for it.

On the other hand I'm not seeing the kind of euphoria and dumb money coming in that would signal a top. I guess it continues for a while.