https://www.businessinsider.com/ ai - bubble - burst - stock - market - crash - boom - dotcom - financial - crisis - 2026 - 8 ?op= 1 And... Much (most?) of the money being invested right now will probably be lost -- just as much of the money invested early in the prior booms was. The early AI boom will likely end the way most prior eras have ended – with a gigantic bust that clobbers the first wave of companies and investors, followed by a long boom that helps build huge new companies. A s often happens in the early buildout of a new technology, a fierce argument is raging about whether the AI spending boom is a rational investment or a speculative bubble The answer, very likely, is... both. AI will radically change the economy , and society – just as the internet, computers, cars, trains, canals, electricity, and other technologies did.