The AI bubble debate has lurched through at least three frenzied phases in the span of three years:
Suspicion: Historic sums of capital poured into AI before anyone proved it could reliably automate work. A violent market correction felt inevitable.
Mania: Claude Code and autonomous agents made the early skepticism look outdated, fueling a corporate scramble to embed AI everywhere and maximize usage.
Reckoning: Companies discovered that AI can be extraordinary when aimed precisely — and ruinously expensive when treated as a universal productivity machine.
I didn’t encounter a paywall and I have never had an axios account. Full article is visible and the analysis is decent. Perhaps try with Reader Mode of the browser or without javascript?
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I didn’t encounter a paywall and I have never had an axios account. Full article is visible and the analysis is decent. Perhaps try with Reader Mode of the browser or without javascript?