🫧 Is #AI bubble real? 🫧

I bet you've seen dozens of headlines like "AI bubble is about to explode", "AI bubble to push economy back for years", "AI bubble is going to be worse than dotcom bubble" and so on. History tells us that usually economy bubbles explode like black swans, with almost nobody to predict - so is this #case different? ✍️ First of all, let's define what's a bubble is. When the price of an asset or group of assets rapidly grows way beyond actual value, it might resolve into a huge crash - this is a bubble. Why so many people believe in #AI bubble? Well, current market caps and budjets of #AI giants already include the invention of AGI: Artificial General Intelligence. This is not just an LLM, this is basically a made up mind, able to think on its own. If you are an active user of AI, you probably understand that current condition of #AI is far, far away from AGI. However, Sam Altman swore that AGI will be ready in 2025 (oops), Mark Zuckerberg said the same, biggest minds were sure that AGI is almost here. 🙄 Here comes the cold shower: according to Deutsche Bank there's only a 20% probability of developing AGI in 5 years based on science. Funny thing is AGI is basically guaranteed based on money spending. This is key detail: #AI giants continue to spend trillions, while scientists basically say that AGI is impossible in near future. As you remember, AGI is already priced in - this is a bubble. 👉 The answer is YES, this is a bubble. You shouldn't panic though, as bubbles never pop as expected. Most likely this #AI bubble will grow bigger and bigger, leaving less and less "bubble believers" only to pop when nobody expects it to do so! This is how markets work: the crowd always loses! #crypto