Well "Internet" went through its own boom and bust crash during the dotcom era. With lots of dumb money chasing dumb investments.

My hypothesis would be that cycle is going to be very heavily accelerated due to the current economy. Many companies aren't operating from a position of strength, but more of desperation. Some tiny few will do well. Many announcing their "AI thing" suddenly becoming AI companies overnight will probably crash and burn.

I could be wrong though.