This is clearly a bubble.

I don’t care if AI is useful, it’s not this useful. And it sure as shit isn’t going to see the returns they expect.

I run an internal multi-user AI app. It plugs into almost everyone’s workflows to make things easier (fetches documents, pulls data, contextualizes stuff). It costs $1 per day per user in token costs .

You need a trillion people using these apps for the current valuations to make sense.

Of course they deny that AI is a bubble. Like real estate speculants deny the housing market being a bubble. It simply would be an admission of failure.