TechTakes

You're dead right on that.

On a wider front, I expect the bubble's burst will deal some long-lasting damage to the tech industry, on two major fronts:

1. Evaluations/stock prices will go through the floor, as investor assumptions of Endless Growth^tm^ are shattered, and the tech industry comes to be seen as "a stable, mature industry whose days of endless growth are behind it" (quoting Baldur Bjarnason), at best and deep in the throes of a serious malaise era at worst. One outcome is obviously better than the other, but both will lead to a lotta pain.

2. The tech industry's public image, already in the shitter for a litany of reasons, will likely take another significant blow as the industry's ability to generate hype for AI and/or counteract the boiling resentment towards it completely falls apart.