Daniel Miessler 9/5/2025

No, AI Is Not a Bubble

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This article refutes the claim that AI is a speculative bubble. It dissects the definition of a financial bubble, using the dot-com bubble as a counterpoint, arguing that the false belief then was that any internet-based business would succeed instantly. The author contends that while certain hype cycles around AI may have burst, the core transformative potential of AI for business and society represents a real, foundational shift, not an overinflated asset class destined to pop.

No, AI Is Not a Bubble

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