Your point is a good one, but it's constructed upon the premise that AI is a single discovery or invention or even a single tech wave.
AI is bigger than the Industrial Revolution, the Internet, than computers, than literally any innovation or invention that has ever come before, combined.
Today you see AI slop and vibe coding.
Tomorrow, all of humanity will be affected, forever.
Everything about the way that we learn, that we think, and that we invent will be changed forever.
AI wouldn’t work without any of that above stuff though.
Their monopolies got broken and the profits disappear in a commodity market.
If nvidia or tsmc got split up i doubt its stock is going to stay at as a high a p/e.
This is exactly the kind of talk that led to all the other bubbles. Amazing how infected people get.
You know what was actually a bigger invention? Language. Farming.
Imagine a world without those. Oh, wait: tomorrow people won’t know how to use language, will they? And they won’t have water to farm with, so there you go.
I know where you're coming from, but we probably should not be talking about AI in this way. I don't think it's helping or serving its purpose.
I think civilization will have time to react and adapt, panic leads to haphazard action, we need deliberate consistent action.