[rvz]

It certainly is a bubble.

EDIT: The fact that I'm downvoted for saying that tells you that not only we're in a massive bubble, but the author knows that he's personally invested in the bubble getting bigger.

So of course he'll say "it isn't a bubble".

[mcv]

The author does have a point that you need to specify what you think the bubble is. Obviously AI is real technology with interesting applications. The tech itself is not the bubble. The bubble is (as always) the inflated expectations.

From the article:

> But if they think the bubble is the idea that AI will cause foundational change in business, the economy, and human work, then—in my opinion—they're just wrong

That's just the author's opinion, not a fact. People claiming it's a bubble disagree with this part. And they might be right. As far as I understand, no massive productivity gains have been detected yet. Some expected gains weren't there. Some kinds of work might benefit some, but so far, nothing that justifies the enormous investments.

It's not the AI itself that's the bubble, but the "use more AI" attitude. The idea that the AI is a genius and better than people. Every company doing something with AI because they need to be seen doing something with AI. That's the bubble.

After it pops, there will still be AI, and some companies will be wildly successful with it, just like many .coms survived the .com crash. But investors will finally see that it's not going to meet the inflated investor expectations.