No, WorldCom and 360Networks were fiber companies. A lot of internet infrastructure companies went under.

Yes, but my point is the fundamental tech didn't disappear. Those companies failed but thousands have been flourishing ever since.

The infrastructure got delayed significantly.

I get your point. I'm not talking about AI in the future of the economy after the bubble burst settles. Or about the technology in the future. I'm talking about the cold hard economic calculus / numbers staring us near term in the face.

I think the issue is your framing. You say “AI is a bubble…”, when I think you mean more something like “the gold rush around AI is a bubble…”