There have always been cycles of hype and correction.

I don't see AI going any differently. Some companies will figure out where and how models should be utilized, they'll see some benefit. (IMO, the answer will be smaller local models tailored to specific domains)

Others will go bust. Same as it always was.

It will be upheld as prime example that a whole market can self-hypnotize and ruin the society its based upon out of existence against all future pundits of this very economic system.

On the bright side, at least we'll be able to warm our hands by the waste heat of the GPUs.

> AI crash is gonna lead to decade long winter

Possibly.

I am reminded of the dotcom boom and bust back in the 1990s

By 2009 things had recovered (for some definition) and we could tell what did and did not work

This time, though, for those of us not in the USA the rebound will be lead by Chinese technology

In the USA no-one can say.