The AI Bubble Explained: Hugh Howey breaks down how the current AI boom mirrors past manias
Tomte · hn · 2026-09-26
Sci-fi author Hugh Howey published an accessible explainer on the AI bubble: the massive gap between capital expenditure on compute and actual AI revenue, circular deals inflating valuations, and the parallels to the dot-com bubble — who funds the spending, who profits, and how it could unwind.
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