Either that, or this AI boom mirrors prior booms. Those booms saw a lot of progress made, a lot of money raised, then collapsed and led to enough financial loss

Either that, or this AI boom mirrors prior booms. Those booms saw a lot of progress made, a lot of money raised, then collapsed and led to enough financial loss that AI went into hibernation for 10+ years. There's a lot of literature on this, and if you've been in the industry for any amount of time since the 1950s, you have seen at least one AI winter.