We aren’t going to do this again so quickly, are we? Rising demand results in higher costs. Higher costs result in lower demand. It is almos…

We aren’t going to do this again so quickly, are we? Rising demand results in higher costs. Higher costs result in lower demand. It is almost like some sort of equilibrium is being achieved. But there is no indication I see that companies are finding AI less valuable over time. We're getting another round of THE AI BUBBLE IS POPPING stories, with the news about Uber/Microsoft pulling back on AI subscriptions bc their agent costs went crazy. Maybe. But, per below, GPU rental prices are still up 2x from where they were four months ago. It doesn't seem lik…

Source: Ethan Mollick (X) | 2026-05-26