[overfeed]

> My question is "how many months need to pass until they realize it isn't months away?"

It's going to persist until shareholders punish them for it. My guess is it's going to be some near-random-trigger, such as a little-known AI company declaring bankruptcy, but becoming widely reported. Suddenly, investing in AI with no roadmap to profitability will become unfashionable, budget cuts, down-rounds, bankruptcies and consolidation will follow. But there's no telling when this will be, as there's elite convergence to keep the hype going for now.

[xorcist]

Indeed, this will continue as long as the market allows it to. There is a well known quote about how long markets can stay irrational, but I would like to remind where we are right now:

Telco capex was $100 billion at the peak of the IT bubble, give or take. There's going to be $400 billion investments in AI in 2025.