AI Isn’t a Bubble—It’s the Next Epochal Leap
From the plow to the steam engine to the silicon chip, every major technological revolution has begun with a surge of investment, a chorus of skeptics, and a few visionaries willing to bet on the future. Today, artificial intelligence stands at that same precipice. Critics warn of an “AI bubble,” citing sky-high valuations and speculative capital. But history suggests that what looks like froth may be the necessary fuel for transformation. The agricultural revolution reshaped human settlement and labor. The industrial revolution redefined production and global trade. The internet age rewired communication and commerce. Each began with immense capital outlays, unproven technologies, and a cadre of relentless minds solving age-specific problems. AI is no different. As Goldman Sachs economist Joseph Briggs notes , the billions being spent on AI infrastructure are justified by the “enormous economic value promised by generative AI,” with potential to generate up to $8 trillion in ...