I guess the main features I'm thinking of when talking of a bubble is 1) demand (especially at the real price) and ultimately return of investment is not there and 2) circular financing is keeping the frenzy ongoing despite that. This by definition is not profitable and sustainable and if that becomes the mainstream belief then nobody would lend the industry money, rendering it bankrupt.
> The AI models arent going away. The tech is still there.
I'm under the impression that AI data centers (which are very different from other data centers) are only good for a handful of years at most, because of the GPUs limited lifetimes, and also are expensive to run (electricity) which makes AI fundamentally different than DotCom as the infrastructure built back then which is fiber cables was very much not like that. And you need AI data centers for both inference and to train new models. Which is why I asked you if you think we could keep using the same models we have right now, in which case we'd need much less compute and get lower maintenance costs to keep this going even after a crash.