The AI market isn't collapsing. It's digesting

Stop conflating a product kerfuffle with infrastructure cycles and scaling dynamics

There’s a tidy story making the rounds: GPT-5 underwhelmed, therefore, the AI bubble is popping. It’s convenient, and wrong. The argument splices together four different layers of reality and treats them as one: (1) product experience choices; (2) app-layer ROI; (3) infrastructure capex and supply chains; and (4) scientific progress and scaling. When yo…