AI has a bubble, but it won’t burst until AI smoothly replaces all white-collar jobs. Still a long way off.

All the dirty and heavy work will be done by AI robots,
all the complex and time-consuming mental work will be done by AI,
current agents are still very dumb.
AI hasn’t even become widespread in everyone’s daily life yet.
The work you’re doing now hasn’t been replaced by AI,
which means the bursting of the AI bubble is still far away.
AI hasn’t even understood the physical world,
it’s only struggling within the realm of text and virtual space.
A dip now and then is normal,
until the day when robot delivery drivers are everywhere on the streets,
robot waiters, robot chefs,
all tech innovation and creativity—AI will eventually do better than humans, but nowhere near yet.
Just wait—at the very least, the bubble won’t burst until AGI arrives.