Technology != company. The tech is here to stay but we still don’t have an example of a company that has figured out how to make a profit off of it. That will come, and it might be OpenAI or Anthropic that does it … but it might not.

AI can be a "car for the brain".

Some people dream of "Superintelligence", smarter than human AI that acts like a slave, instead of just killing the pesky idiots and calling it a day.

Obviously, there is a spectrum of possibilities between "Pen and paper", "Computer", "Coding agent", ... and "God-level AI controlling whatever can be controlled simultaneously". As well as between "Lawnmower robot" and "All-purpose Terminator" and so on.

Filling in those dots and deciding where to stop before it gets stupid, that can't be so hard?

The "bubble" is being driven by blockbuster earnings. The market is irrational but it's not brain dead.