My point is the dot-com bubble popped, but the Internet is still around and stronger than ever. The AI may pop, but AI as an important technology will stick around
Yes, of course, the bubble is a financial bubble, not a technological / innovation bubble.
But, just is in the 1990s, the business world jumped on the internet, everyone has to have a website ( even if that website has no function at all ), the website industry is getting massive investment - and that all collapsed. All the unwieldy "not built for purpose" websites were seen, after the fact as a huge waste of money, with little to no return on investment. They were replaced with the web we have now, which is far more function based ( ie.e web-based apps and productivity / SMS systems ).
AI itself (or whatever new term will be used for the technologies once the term "AI" becomes investor-toxic) isn't going anywhere. But this raft of ChatGPT chatbots, AI SAAS and slop generation will collapse. It'll hurt Google, Microsoft, Neta etc, but it won't kills or cripple them. But it will cripple the legions of "AI companies" that are essentially all offering more or less the same thing, which is a thing that is not generating a viable RoI.
I honestly think the second wave of AI (which we'll probably get with the years, but an after this first wave bubble bursts) will not be chirpy assistants or virtual friends. The models will be smaller, local, and will be doing a lot of very boring, simply tasks well, rather Han trying to do performatively complex tasks badly.
Trying to emulate humanity with AI is a dead end, because we already have lots of humanity. I want better dynamic power management and dynamic increemtbal backups that backs up essential data when needed, rather than on a fixed schedule. These are the type of boring, little tasks that AI will end up be focused on. And there'll be no "song and dance" about it.
AI in 2025 is like websites in the 1990s - In your face, flashy, impossible to ignore, but not very good at actually doing anything or adding value for the customer.Genrating AI slop is not adding value to anything.