> I wonder why so few people make the comparison to the recent VR hype.

AI is already a gigantically transformative technology, with a staggering amount of paid consumption, and virtually everyone I know uses it every day, where I don't know anybody who regularly uses VR in any form.

The ship has absolutely sailed on "is AI a world-changing technology", where "are the leading AI companies worth what's been paid for them" is a completely open question.

AI is transformative _doesn't_ mean there isn't a bubble. Online shopping was transformative too, but there was still a dot com bubble. Amazon survived, Pets.com did not.