Technology

Thing is, they tried to show that public adoption was large enough to warrant a $100B+ value, that basically everyone wanted AI. That was the difference between a $20B valuation and 100+. But several failures have occurred the last few months that hints at the public at large not wanting to adopt their tech in such quantities and the longer they wait the worse a signal it might send for the IPO. Lack of adoption, lack of progress towards AGI, dwindling returns, ballooning costs.

I estimate that the AI bubble will burst pre-IPO or during the IPO, thus not affecting the public at large. There's still a risk that they fudge the IPO numbers hard enough to create FOMO and people wanting to buy but they'd have to go dangerously close to fraud territory to make a good case. Just watch out for the first AI IPOs. There's likely a smaller AI company that'll go first that'll be a canary in the coal mine. If their IPO succeeds the big boys will make an attempt but if it fails they'll likely postpone an IPO indefinitely, making it a long, dragged out market correction, not a quick pop.