There’s certainly a bubble bursting. You only have to look at all the layoffs.fyi since COVID. I’m just hoping it’s happening in a slow enough way that it’s not going to take more legitimate companies with it.
AI is the next bubble. It will hit a brick wall either legally or just on functionality (maybe both). I can see uses for targeted models, bespoke to a use case, but training those is too expensive right now. General models are just toys IMHO. Unfortunately it’s going to get a few years for everyone to realise.