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The longer the AI psychodrama goes on, the more it’s clear we are dealing with a conventional business bubble. What’s different this time is…

The longer the AI psychodrama goes on, the more it’s clear we are dealing with a conventional business bubble. What’s different this time is the lengths to which the companies will go to put off the r

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The longer the AI psychodrama goes on, the more it’s clear we are dealing with a conventional business bubble. What’s different this time is the lengths to which the companies will go to put off the reckoning, up to and including telling insane stories. In the past, markets would flush out bullsh!t companies by requiring them to, eventually, be profitable. What’s annoying about OpenAI and Anthropic is their evasion of that mechanism. Too big to fail, too scary to question. Imagine if Worldcom, Enron, or WeWork had invoked such b…

Source: Gary Marcus (X) | 2026-09-22

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