This is some Sun Tzu shit by Zuck + Sama. 

AI is many things but it ain’t a bubble.

BRACKY

Like, in the sense that even when the late 90’s Internet had a “bubble” on all the fake companies with high valuations, the Internet as a WHOLE was still wildly, wildly undervalued at that time. 

AI could only be a “bubble” in this sense, since obviously the tech as a whole changes everything. 

Even there, specific companies are making tons of revenue out of the gate, something never true of the Internet. 

This PR by Zuck and Sama is imo likely a way to get regulators and or competitors off scent. 

AI is the only fight that matters in tech.

There will almost definitely be a blow off top at some point. 

We will continue investing billions (and trillions) in infrastructure until we’ve overbuilt, and companies will get wiped out (ie those financing buildout w leverage). 

Lots of highly funded startups will burn out. 

At the same time, this will bring forward energy tech a decade in a matter of years.  In the long run the “overbuilt” infrastructure will all be used. And, the winners of the bubble will be the next mag7.

And the winners will be valued much higher than they are currently!