Lately, I’ve had a strong feeling that AI is being inflated more and more like a bubble.
What especially stands out is that right now a huge amount of investor attention and capital seems to be flowing into AI above almost everything else. For many startups, it feels like simply adding the word “AI” to a pitch is enough to get far more interest than companies in other sectors.
That’s what makes me think about the dot-com era. Back then, the internet was also a real technological shift. It changed the world. But at the same time, it attracted massive speculation, irrational expectations, weak business models, and money chasing hype faster than fundamentals.
And that’s exactly why I’m wondering whether we may be watching a similar pattern again.
I’m not saying AI is fake. It clearly isn’t. AI already has real use cases in engineering, research, automation, design, customer support, and a lot more. But real technology can still be surrounded by a financial bubble.
What concerns me is the scale of enthusiasm, pricing, and investor concentration. It increasingly feels like many investors are treating AI as the only place worth putting money right now, and historically that kind of one-directional excitement does not always end well.
So my question is:
Are we in an AI bubble that could eventually correct the way the dot-com bubble did?
Or is this different because AI already has stronger real-world adoption and monetization than most dot-com companies ever had?
I’d be interested to hear views from people coming from tech, venture, public markets, or economic history.
[link] [comments]
