The AI bubble won't pop because too many CEOs have discovered that it's a convenient fig leaf for mass firings, which is then laundered into a broader narrative

The AI bubble won't pop because too many CEOs have discovered that it's a convenient fig leaf for mass firings, which is then laundered into a broader narrative about "operational efficiency". Unlike metrics like operational cash flow and net income, statements like "30% of our code is now written by AI" cannot be audited so leaders can't really be called on the veracity of such statements. As long as decreasing opex can be tangentially linked to "AI innovation", they're golden.