The definition I use for a financial bubble in case of AI is the following: financial debt obligations/investments that can not be repaid/serviced w/ future gro

The definition I use for a financial bubble in case of AI is the following: financial debt obligations/investments that can not be repaid/serviced w/ future growth. Unlike pure software, the growth in AI is coupled w/ huge investments in real infrastructure (data centers, power plants, network interconnect, etc). This means that regardless of what happens the infrastructure is not going away & given how software can be so easily reprogrammed these days there is no way that all of it will suddenly go up in a puff of smoke. OpenAI & others will figure out how to redeploy the infrastructure for different use cases & keep the money flowing. This is unlike office buildings & general real estate b/c it's not like an office building or a family home can be quickly repurposed for something else to keep the money flowing to whoever owns the underlying infrastructure. I don't think it's a bubble. The numbers seem large but that's b/c the underlying infrastructure costs a lot of money & unlike other forms of infrastructure computers can be used for all sorts of different things by simply redeploying different software to it that consumers will find compelling (even if it's no longer 6 second clips of cats doing backflips from diving boards).