Many economists are already writing about the AI bubble. There is no doubt that when the bubble bursts, it is guaranteed to bring down the cryptocurrency market. However, the collapse of the AI bubble will affect all markets and the global economy too. I read several reputable economists. One of them predicts the collapse of the bubble this fall. Well, so far, his prediction, fortunately, has not come true. By the way, Yann LeCun, a well-known AI scientist, recently made a good point that AI technology itself is not a bubble. A bubble is an inflated expectation from AI (I'm not conveying it verbatim, but the meaning is something like this).
It will seem obvious in hindsight with the valuations being so high which is unlikely to be matched by future profitability because the numbers simply don't work. Combined with the fact there is so much circular financing between these companies that contribute the the lofty valuation and you have a recipe for disaster, it's looking like the dotcom bubble all over again. I've found benefits from using AI but it still produces a lot of bad responses and really needs a an intelligent human interpreter in order for it to be used successfully.
