German bank He called it “Summer shift from ugly artificial intelligenceFor weeks, with all a little evidence that companies have failed to adopt artificial intelligence, fears of the artificial intelligence bubble intensified topheavy S & P 500 has grown, along with warnings from major industry leaders. Augusal study from the Massachusetts Institute of Technology found this 95 % of the experimental programs of artificial intelligence He failed to achieve an investment return, although more than $ 40 billion poured into the area. Immediately before the Massachusetts Institute of Technology, the CEO of Openai Sam Altman Rang Ai Bubble Alarm rang Expressing anxiety At the appreciation of some start -up companies from artificial intelligence and the intensity of the investor enthusiasm. Even these trends caught the attention of the Federal Reserve Chairman Jerome Powell, who male The United States was witnessing “unusually large quantities of economic activity” in building the capabilities of artificial intelligence.
Mark Zuckerberg has some similar ideas.
the Dead The CEO admitted that the rapid development of increased investment in artificial intelligence bubbleIt is possible to exceed practical productivity and returns and The risk of the collapse of the market. But Zuckerberg insists that the risk of excessive investment is the best of the alternative: to delay what it considers a specific technological transformation of the era.
“There are convincing arguments for the reason that artificial intelligence can be strange,” Zuckerberg hedge in appearance on Access Podcast. “If the models continue to grow in capabilities on an annual basis and demand continues to grow, then there may be no collapse.”
Zuckerberg then joined Altman, saying that all bubbles of capital spending such as building artificial intelligence infrastructure, which are largely considered in the form of data centers, tend to end in similar ways. Zuckerberg said: “But I believe that there is definitely a possibility, at least experimentally, based on building the past big infrastructure and how bubbles have been like that.”
Bubble
Zuckerberg referred to the previous bubbles, which are the railways and the DOT-Com, as major examples of the infrastructure that leads to the collapse of the stock market. In these cases, he claimed that bubbles have occurred due to companies that take a lot of debts, macroeconomic factors, or the disappearance of the product, which leads to companies that are subject to valuable assets.
The comments of the CEO of Meta Altman’s, who has Likely The mutation of artificial intelligence shows many signs of the bubble.
“When bubbles occur, smart people are excessive about the nucleus of the truth,” Al -Taman said freedomAdding that artificial intelligence is the nucleus: transformative and real, but it is often surrounded by irrational abundance. Altman also warned that “the madness of criticism that chases anything called” AI “can lead to inflated assessments and risk of many.
The consequences of these bubbles are expensive. During the Dot-Com bubble, investors poured money in startups with unrealistic expectations, driven by noise and madness for new online-based companies. When the results decreased, the shares participated in the Dot-Com bubble lost more than 5 trillion dollars In the total maximum market.
The artificial intelligence bubble means great economic effects. In 2025 alone, the largest American technology companies, including Meta, spent More than 155 billion dollars On developing artificial intelligence. According to statistics, current You have a market value About 244.2 billion dollars.
But for Zuckerberg, the loss of artificial intelligence capabilities is much greater than the loss of money in the artificial intelligence bubble. The company recently committed At least 600 billion dollars for US data and infrastructure centers until 2028 to support the aspirations of artificial intelligence. According to Meta Financial Employee Head, these funds will go to all American data center creation processes for local technology and commercial operations, including new appointments. Also dead Firing His SUPERINCLGENCE Laboratory, to employ talents strongly with millions of dollars, to develop artificial intelligence that surpasses human intelligence.
“If we end up organizing a hundred billion dollars, it will be very unfortunate. But I say the risks are higher on the other side,” Zuckerberg said. “If you are building very slowly, and it is possible to report the properties within three years, but you have built it on the assumption that there is within five years, you are out of the situation about what I think will be the most important technology that allows most products and create innovation and new value in history.”
While he sees the consequences of inconcitement enough to invest in artificial intelligence outperforming excessive investment, Zuckerberg acknowledged that Meta’s survival does not depend on the success of artificial intelligence.
For companies like Openai and Anthropic, he said: “It is clear that this open question about what extent they will continue to raise funds, and this is somewhat dependent on their performance and how to do artificial intelligence, but also all these total economic factors that start from their control.”
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