The biggest problem I have with this AI bubble is that despite all the signs being there, it doesn’t feel like a usual bubble. A significant percentage of people, atleast in the West, are still highly skeptical or oppositional to AI and almost everyone says it’s a bubble either way that is about to burst.so it doesn’t have the stupid mania like eg. crypto cycles or the Dot-Com bubble, but I was only a child at that time so maybe the sentiment was the same.
>>61451185mania only happens when the market is pumping way past the point of rationality, where people begin to doubt the monetary system itself and become afraid to sell. a mania phase is just another form of market panic, it doesn't happen without a cause
