It may be pedantic, but I distinguish between the tech development, and the crazy investment/speculation happening. The latter is a bubble, not because the tech is completely useless (it’s not!), but because there’s no business model where nearly a Trillion dollars of investments are going to pay off on something that is a convenient digital assistant and write mediocre code. When people start to realize that AGI isn’t coming to any of these companies, they will start pulling money, and at this point, that bubble bursting could wipe out a large fraction of the economy. It’s going to be messy.