Actually, the article points out that this is a bubble just like any very disruptive technology in the last 200 years (nothing new). But the focus is on the analysis that a lot of private and public investment is now unknowingly based on the valuations of these AI companies, so if their valuations go down, it could have devastating effects of anything from private investments to public pension.
They are not discovering that this is a bubble, just that it popping is likely to affect us more than most people would think.
Actually, the article points out that this is a bubble just like any very disruptive technology in the last 200 years (nothing new). But the focus is on the analysis that a lot of private and public investment is now unknowingly based on the valuations of these AI companies, so if their valuations go down, it could have devastating effects of anything from private investments to public pension.
They are not discovering that this is a bubble, just that it popping is likely to affect us more than most people would think.