There's something to say about the extreme confidence people have that AI is a bubble with perpetually pushed up timelines.
It doesn't matter that AI is useful (but so was internet).
It doesn't matter that revenues exist (mostly fake and circular).
It doesn't matter that real unit costs go down (models are getting commoditised).
It doesn't matter that the margins are high (companies are secretly hiding the real costs because that would pop the bubble).
In their world view, the bubble is predestined. There's nothing that could prevent it - even with higher demand, even with higher revenues, even with higher margins. Nothing.
It doesn't matter that AI is useful (but so was internet).
It doesn't matter that revenues exist (mostly fake and circular).
It doesn't matter that real unit costs go down (models are getting commoditised).
It doesn't matter that the margins are high (companies are secretly hiding the real costs because that would pop the bubble).
In their world view, the bubble is predestined. There's nothing that could prevent it - even with higher demand, even with higher revenues, even with higher margins. Nothing.