What even is the AI bubble?

The latest edition of The Download introduces the AI Hype Correction package, addressing the exaggerated claims surrounding artificial intelligence (AI) and its potential to replicate human intelligence, eliminate diseases, and be the most significant invention in history. This initiative aims to provide a more grounded perspective on AI's capabilities and limitations.

The release of OpenAI's ChatGPT in late 2022 marked a significant turning point in the AI industry, leading to widespread enthusiasm and expectations for further advancements. However, by 2025, a notable correction in this hype has emerged as users express disillusionment with the technology's limitations and perceived flaws, particularly following the launch of GPT-5.2.

A small but influential community of researchers and policy experts, known as AI doomers, continues to express concerns that advancements in artificial intelligence could pose significant risks to humanity. This group advocates for AI safety, emphasizing the potential dangers of unchecked AI development.

The rise of generative AI in 2022 sparked anxiety among law students like Rudi Miller, who feared its impact on future job prospects in the legal field. As a junior associate, Miller reflects on the discussions surrounding AI's potential to disrupt traditional legal roles, highlighting the uncertainty faced by new graduates entering the workforce.