When Does the AI Bubble Burst?

Photo by Joshua Hoehne

I often get that question. I can’t say I have a very good answer.

Going back to the last bubbles, it would be difficult to identify any events in the world that precipitated the collapse of either the 90s tech bubble or the housing bubble in the 00s. Both times the economy seemed to be moving along at healthy clip just prior to the collapse.

There had been warnings in both cases. In the 1990s bubble it was hardly a secret that many totally crazy businesses...