Here's why concerns about an AI bubble are bigger than ever

""There's been a lot of talk about an AI bubble," he told shareholders. "From our vantage point, we see something very different.""

""I don't think this is the beginning of a bust cycle," White House AI czar and venture capitalist David Sacks said on his podcast All-In. "I think that we're in a boom. We're in an investment super-cycle.""

""The idea that we're going to have a demand problem five years from now, to me, seems quite absurd," said prominent Silicon Valley investor Ben Horowitz, adding: "if you look at demand and supply and what's going on and multiples against growth, it doesn't look like a bubble at all to me.""

""a crazy concept," declaring that "we are on the precipice of a major, major revolution in a way that companies operate.""

Companies and investors are directing enormous capital into AI, producing sharp valuation gains for key firms. Prominent executives and venture capitalists characterize the moment as a sustained boom and an investment super-cycle with durable demand. Supporters emphasize transformative effects on company operations and ongoing growth in demand. Critics note a large volume of speculative funding into ventures lacking proven business models and question the rate and sustainability of technological improvement. Significant uncertainty remains about long-term demand and where real economic value will emerge, creating elevated risk despite widespread AI adoption.

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