Are we in an AI bubble? A simple answer is, we better hope not. You are far too young to remember Tulip Mania in 1637, Google it, but perhaps you remember the housing bubble that caused the 2008 great financial crisis.

It was the worst day on Wall Street since the crash of 1987. Shock and panic evident on the faces of those on the trading floor.

How many you people want to pay for your neighbor's mortgage that has an extra bathroom

and can't pay their bills? Raise their hand.

When bubbles pop, there's pain.

But while consensus is growing that we are in an AI bubble,

there's a fight raging over what type of AI bubble we're actually in

and what will happen when she goes pop.

What to keep your third eye open for coming up on Today Explained.

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