[kilgnad]

I know what you mean but the word "bubble" implies no value. A bubble is mostly empty space of no value, the surface of the bubble hides the emptiness.

When the bubble pop as it inevitably does the emptiness is exposed.

The meaning you're going for here is that although there's a "bubble" it's likely a smaller bubble, not a large bubble like the dotcom bubble or the housing bubble.

[elil17]

In finance a bubble means an economic cycle where asset prices rise faster than their actual value. It is a term of art/analogy but it does not map 1:1 with physical bubbles such as soap bubbles. It does not mean that the underlying asset has no actual value.

The housing example is a great one. The 2008 housing bubble was due (in part) to overvalued houses. Those houses still have value though (they weren't scam houses that only existed on paper).

[kilgnad]

It is a 1:1 mapping to physical bubbles. Like soap bubbles.

I never said the bubble implies the underlying asset has no value. The bubble encases the difference in value and current value. The bubble does not encase the actual asset.

When a bubble pops that difference disappears. But the asset value remains because the intrinsic value was not what the bubble was referring to.

[elil17]

My main point was that just because there is an AI bubble does not mean that AI is not useful/valuable. Seems like we agree on that.