Is there an AI Bubble due to unrealistic expectations and mindless capital allocation?

[Anonymous]

The podcast "The AI Daily Brief" did a piece today on this very topic, giving 5 reasons pro bubble and 5 reasons con, before concluding persuasively that this is a boom, not a bubble. Of course it could become one, but we're a long ways from the types of insanity we saw during the dotcom bubble.

[Anonymous]

You all are equating AI with data centers and google queries. It’s a new form of computing and compute architecture- very powerful but no more or less than that. But it’s far more powerful than Moore’s law, which accounted for 60% of gdp gains over the past 60 years. Use cases for edge AI are quite numerous.

So long term it’s an Industrial Revolution. Whether or not we are in a bubble due to how our economy is being managed is another, separate question. Perhaps if it was managed differently, stock prices and gold prices would not be so high.