WHY I DON'T THINK AI IS A BUBBLE

Summary from the TLDR newsletter

People mostly say that AI performance will plateau because they believe that performance increases have been driven by brute-force scale, and the trend can't last. However, there are also new innovations like reasoning and reinforcement learning driving improvements, so there's no real reason to believe progress will halt. The data centers being built now will likely be used productively. If the technology does actually work, it's reasonable to believe the industry will sort out any 'bubble'.