AI technology is NOT in a bubble!
With the recent bombshell releases of DeepSeek, MiniMax H3, Qwen 3.8 (imminent), Kimi K3 and others, it's abundantly clear that AI technology is leapfrogging ahead at an astonishing pace.
What's in a bubble is investment in AI infrastructure in the USA. All those data centers backed by trillions of dollars in investment promises (and circular financing across some semiconductor companies)...
The AI investment bubble is going to crater, but AI technology itself is continuing to surge forward.
I've seen some people conflate the two concepts and talk about the "AI bubble" as if AI doesn't work and it's all over-hyped. That's not true at all. AI tech is under-hyped. Few people grasp how rapidly it's advancing... mostly from China, not the USA.
The AI infrastructure investment in U.S. data centers is going to pop like tulip bulb mania, since all those data centers won't even be needed, since China's models are vastly superior and also available at a fraction of the cost. China will become the data center hub of the world, while U.S. data centers will eventually be auctioned off and maybe turned into quarantine camps or something similarly nefarious.