"Is AI a Bubble?" Discussion

Tech companies are spending $400 billion a year on AI infrastructure — more than the Apollo program, every ten months. OpenAI is projected to lose $116 billion before turning a profit. Industry leaders are calling it a bubble while simultaneously spending hundreds of billions more. So: is AI a bubble, or is it the next internet? We'll be discussing two pieces that reach different conclusions from similar evidence. Peter Wildeford's "AI is probably not a bubble" argues the fundamentals are sound and puts the chance of a major correction at ~30%. Derek Thompson's "This Is How the AI Bubble Will Pop" argues the crash is more or less inevitable — but that the technology still wins long-term. We'll spend the first forty minutes reading both articles independently and then split into small groups to discuss. If you've already read the articles, feel free to come by after 7pm to join the discussions. Food will be served.