[yason]

Why bubbles happen? Because investors, out of greed, pour into corporations that burn their cash.

The internet was a bubble: you could make a web page and sell it for millions because next year it was going to be worth billions. And then internet grew up.

AI is technology that's still beginning to find its place to settle. It's far from mature and that's perfectly fine. We'll have reached a reasonable plateau once the technology and the related stack stops changing every month and instead develops incrementally and boringly over the span of few years. That's like internet in the 2008-2010, and many investors will have a collection of new burn marks by that time.

Not only financially there's an unsustainable push for AI by the zealots du jour who are more often than not managers rather than engineers. AI is championed most ruthlessly as a silver bullet revolution by people who least grasp the limitations of AI. It'll take some time to figure out the dreamed-up proceeds won't be there, and "then what?".

I predict that the real bottlenecks of development will re-emerge as soon as the limitations of AI will manifest out of the hype. They bottlenecks are human-based, in development processes and in human interactions. A large part of development is trying to understand what we want and what we need and you can't offload that to AI.