The internet bubble popping did not cause internet traffic to decline -- on the contrary internet traffic increased rapidly during the bubble pop.
Similarly, I don't think the AI bubble popping will cause token demand to decline. On the contrary, I predict the bubble pop will happen because of a recognition that tokens are a highly competitive industry, thus the margins of frontier AI firms aren't sustainable, popping their valuations.
Similarly, I don't think the AI bubble popping will cause token demand to decline. On the contrary, I predict the bubble pop will happen because of a recognition that tokens are a highly competitive industry, thus the margins of frontier AI firms aren't sustainable, popping their valuations.