AI is not a bubble.

AI is not a bubble. AI is the next general-purpose infrastructure layer, comparable to electricity. If you think it will be less consequential than electrification itself, you are not analyzing AI, you are analyzing just ChatGPT.

Some AI companies may be overvalued. Some business models may collapse. Some GPU spending may be stupid. That does not make the underlying technology fake.

Railway companies failed. The railway still survived. Dot-com companies died. The internet still ATE the world.

Your modern world literally can not survive without internet right now.

Reminder:

1847, Railway Mania: investors got wrecked BUT rail became the backbone of industrial economies.

1873, U.S. railroad crash: overbuilt lines failed BUT national logistics still became rail-dependent.

1882, Pearl Street Station: early electricity looked limited BUT cities, factories, and homes rewired around it.

1907, automobile panic: weak car makers died BUT the car still rebuilt cities, trade, labor, and war.

2000, dot-com crash: companies vanished BUT the internet became mandatory for every serious business.

2008, cloud skepticism: “renting servers” looked niche BUT AWS-style cloud became default business infrastructure.

2017, crypto ICO bubble: scams collapsed BUT blockchain did not become the internet, proving bubbles and infrastructure are different.

2022, AI image/model hype: toys looked silly BUT generative AI still changed software, media, search, operations, and work.

and now, the time has come to automate intelligence itself.

And you are saying this is a bubble?

Nice.