What Sort of AI Bubble Are We In?

AI is probably not a bubble

AI companies have revenue, demand, and paths to immense value

AI is probably not a bubble

AI companies have revenue, demand, and paths to immense value

AI Is A Money Trap

In the last week, we’ve had no less than three different pieces asking whether the massive proliferation of data centers is a massive bubble, and though they, at times, seem to take the default position of AI’s inevitable value, they’ve begun to sour on the idea that

The State Of The $1.7 Trillion AI Bubble: The End Of Thinking

Writing is thinking and thinking is understanding. Like understanding that the AI bubble has been around for a long time and that it's better to call it the data bubble.

The AI bubble isn’t new — Karl Marx explained the mechanisms behind it nearly 150 years ago

OpenAI CEO Sam Altman’s warning of an AI bubble highlights a deeper economic problem: capitalism is producing more capital than it can profitably invest.

Timing Is Everything in the AI Bubble

This week's tech sell-off is a symptom of a deeper problem: no one knows when - or how - big tech's $1 trillion bet on AI is going to pay off.

Spending on AI Is at Epic Levels. Will It Ever Pay Off?

Tech companies are pouring hundreds of billions into data centers, taking on heavy debt, but current revenue is relatively tiny. Critics warn of a new dot-com bubble.

State of AI 2026 | The Industry-Defining Report

Explore how AI is shaping the digital economy in 2026, with 80+ pages of data on ad spend, app downloads, web behavior, user demographics, and so much more.

Premium: What If...We're In An AI Bubble? (Part 1)

Every day I read some sort of wrongheaded extrapolation about the future of AI — that today’s models are somehow indicative of AGI creating a “permanent underclass” of people that stops people from building software companies, or really doing any kind of job on the computer: Hyperbolic? Perhaps. But even

Will the AI IPO boom make S.F. richer, or wipe out what’s left of its middle class?

OPINION: Anthropic and OpenAI plan IPOs that make previous tech booms look tiny. If San Francisco wants to benefit, our leaders need far more urgency on housing, the editorial board writes.

After AI

Legacies of the bubble.

The UK tech energy grab: how AI data centres are delaying the building of homes

Artificial intelligence infrastructure is being handed priority access to Britain's overwhelmed electricity grid, pushing housing down the list. But as the US shows, there's an alternative: make Big Tech pay for the power it needs. Report by Nicole Kobie

AI Data Centers: Big Tech's Impact on Electric Bills, Water, and More via @ConsumerReports

Massive data centers are gobbling up resources across the United States. The boom has just begun—and you may be paying for it.

People Loved the Dot-Com Boom. The A.I. Boom, Not So Much.

Tech leaders are beginning to worry about the public’s underwhelming enthusiasm for their plans to remake the world with artificial intelligence. Will that burst the bubble?