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It's the biggest bubble in history because corporate leadership consistently falls for the reification fallacy.
So-called "AI" (specifically, large language models) are massively-multidimensional maps of human language use. They can be used to draw humanlike vectors through the phase space of all possible combinations of symbols, but they aren't intelligent because human intelligence doesn't come from the use of language. Rather, language comes from intelligence.
LLMs are a coverup for the USD and bond market bubble, of which had just started to pop.