Tech CEOs warn of AI bubble echoing dot-com crash

Alphabet CEO Sundar Pichai and Hugging Face CEO Clem Delangue warned this week that runaway AI valuations resemble the dot-com crash, with Pichai noting "elements of irrationality" and cautioning that no company would be immune if an AI bubble bursts. Delangue specifically predicted that the hype around large language models could collapse next year, but emphasized this is not an overall AI bubble—specialized AI applications are still driving innovation across many fields.