The AI Bubble Is Bursting
The AI bubble is bursting, and I am not sorry to see it go. The recent $3 trillion market-cap wipeout and the global selloff that hammered Japan, South Korea and Taiwan are not random shocks. They are the opening acts of a speculative mania that I have been warning about for months, and that I have been actively hoping would implode (for very rational and ethical reasons as I explain here). As I wrote plainly, I want the AI data-center speculative investment bubble to burst, not because I hate AI — I love AI and use it every day — but because the collapse of this speculative frenzy is the fastest path to token abundance for ordinary people [1].
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