First it was the release of GPT-5 that OpenAI “ totally screwed up ,” according to Sam Altman. Then Altman followed that up by saying the B-word at a dinner with reporters. “When bubbles happen, smart people get overexcited about a kernel of truth,” The Verge reported on comments by the OpenAI CEO. Then it was the sweeping MIT survey that put a number on what so many people seem to be feeling: a whopping 95% of generative AI pilots at companies are failing.

A tech sell-off ensued, as rattled investors sent the value of the S&P 500 down by $1 trillion . Given the increasing dominance of that index by tech stocks that have largely transformed into AI stocks, it was a sign of nerves that the AI boom was turning into dotcom bubble 2.0 . To be sure, fears about the AI trade aren’

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