NO, AI IS NOT A BUBBLE

Summary from the TLDR newsletter

Bubbles are false beliefs about reality that everyone eventually figures out were false. The dot-com bubble that popped was the idea that businesses would become instantly rich just by being on the internet. People no longer believe that just adding AI to products will make them instant millionaires. The idea that modern AI will significantly transform business and the global economy, leading to massive unemployment for knowledge workers, is not a bubble.