AI Boom Draws Bubble Warnings From Skeptic | JQJO

CNN Business Nightcap examines swelling AI-market exuberance amid doubts. The Financial Times says 10 unprofitable AI startups added nearly $1 trillion in value over 12 months. Researcher Julien Garran of MacroStrategy Partnership calls it “the biggest and most dangerous bubble,” arguing LLM-based products can’t be commercial, hit scaling limits, and haven’t advanced much since ChatGPT-4. He says Nvidia profits while much of the ecosystem loses money, VC appetite is fading, and funding is narrowing to SoftBank and some foreign states. He sees a top drawing closer, yet allows he could be early—or upended by superintelligence.