Many people are hoping—nay, praying—that the potential AI bubble will burst soon.
But to hear Google tell it, generative AI is the future,
Both of those are true.
In the late 90s the internet was a bubble.
In the 1800s railroads were a bubble.
All new transformative technology goes through an initial bubble phase. People recognize it's potential before that it's fully understood. They over invest for a time, realise they were doing it wrong, the boubble pops, a few remain, and the transformative tech is figures out and changes everything.