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During the Cold War, people also questioned whether manned space missions to the Moon were a bubble.
Is it a bubble now? Indeed, space exploration has not started making money even today.
But back in those years, before the winners were chosen, would investments be cut? No, tightening the belt was a must to achieve the goal.
Today, AI is a national strategic asset for both China and the US, just like the Moon landing was back then. The Pentagon has only just begun to allocate a small portion of military funds to support the AI industry, and the entire nation hasn't yet tightened its belt to develop AI. Do people already think the bubble is about to burst?
The bubble will only burst when one side of China or the US admits they are completely beaten.
Until then, a correction in AI will only lead to:
- Federal Reserve easing monetary policy
- Fiscal funding and more industry support policies
- The military personally making large AI purchases and injecting funds
Even if it means suffering a bit more, the older generation must develop AI.