Re:I'm Not Convinced the AI Bubble Exists
by wolvoleo on Monday November 09, 2026 @02:26AM
(#50422209)
It being a bubble doesn't depend on whether it's useful or not.
It depends on whether the financial expectations on return on investment are realistic. I don't think they are. There's very strong fear of being 'left behind' and 'losing the race' so companies are ramming down the path of putting AI in everything whether it serves a purpose or not.
All these things we've seen in previous bubbles. In many cases the underlying tech was super useful and did change the world. Like the internet and the dotcom crash.
So is AI here to stay? Sure. Yes it will change the world. But no I don't think investors will be able to buy a private island next year. So much money is put into this that it's clear it won't be made back soon. Especially with the secondary effects creating (hopefully temporarily) unemployment etc.
Because businesses can spend a lot of money on AI instead of employees. But who are they going to sell their products to in end end? All those unemployed masses aren't going to be buying much.
It depends on whether the financial expectations on return on investment are realistic. I don't think they are. There's very strong fear of being 'left behind' and 'losing the race' so companies are ramming down the path of putting AI in everything whether it serves a purpose or not.
All these things we've seen in previous bubbles. In many cases the underlying tech was super useful and did change the world. Like the internet and the dotcom crash.
So is AI here to stay? Sure. Yes it will change the world. But no I don't think investors will be able to buy a private island next year. So much money is put into this that it's clear it won't be made back soon. Especially with the secondary effects creating (hopefully temporarily) unemployment etc.
Because businesses can spend a lot of money on AI instead of employees. But who are they going to sell their products to in end end? All those unemployed masses aren't going to be buying much.