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The AI boom is not a bubble

Valuations may be spectacular and a bust could come — but while there’s exuberance there is no mania or irrationality

©The Financial Times Limited 2020 Dec 29, 2025 / 11:58 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
AI is best thought of as a boom — one that may turn into a bust — rather than as a bubble.
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