Understanding the three AI bubbles: speculative, infrastructure, and hype

AI is experiencing three simultaneous bubbles: speculative asset inflation, infrastructure overbuilding, and excessive hype, potentially impacting future valuations and investments. This includes soaring stock prices for AI-related companies, massive investments in data centers and hardware without guaranteed future demand, and inflated expectations for AI's current capabilities, with many pilot projects failing. Despite these bubbles, the article suggests focusing on systematic AI implementation to solve real problems, as past technological booms like the dotcom era ultimately yielded significant value.