The best case scenario is that AI is just not as valuable as those who invest in it, make it, and sell it believe. This is a classic bubble scenario. We'll all take a hit when the air is let out, and given the historic concentration of the market compared to previous bubbles, the hit will really hurt. The worst case scenario is that the people with the most money at stake in AI know it's not what they say it is.
When President Donald Trump began his tariff rollout, the business world predicted that his unprecedented attempt to reshape the economy would lead to a major recession, if he went through with it all. But the markets stabilized and, in recent months, have continued to surge. That has some people worried about an even bigger threat: that overinvestment in artificial intelligence is creating a bubble.