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Revenge of the AI bubble
Key takeaways
- Suspicion: Historic sums of capital poured into AI before anyone proved it could reliably automate work.
- Mania: Claude Code and autonomous agents made the early skepticism look outdated, fueling a corporate scramble to embed AI everywhere and maximize usage.
- Reckoning: Companies discovered that AI can be extraordinary when aimed precisely — and ruinously expensive when treated as a universal productivity machine.
Revenge of the AI bubble Zachary Basu Sat, June 6, 2026 at 7:59 PM GMT+7 3 min read UBER Illustration: Brendan Lynch/Axios The AI bubble debate has lurched through at least three frenzied phases in the span of three years:
Suspicion: Historic sums of capital poured into AI before anyone proved it could reliably automate work. A violent market correction felt inevitable.
Mania: Claude Code and autonomous agents made the early skepticism look outdated, fueling a corporate scramble to embed AI everywhere and maximize usage.
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