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.

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.