It’s Not An AI Bubble. It’s A Black Hole.

2025 has been a tremendous year for the artificial intelligence industry. Stock prices for AI companies skyrocketed, soaring beyond expectations and propping up an otherwise stagnant U.S. economy. But everywhere, there’s talk of an AI bubble — one even bigger and more threatening than the 2008 housing bubble or the dot-com bubble of the early 2000s. What makes this bubble so different? When is it likely to pop? And if it does, what does that mean for the rest of us?  In this episode of Lever Time, David Sirota sits down with Ed Zitron and Sruthi Pinnamaneni, journalists covering the AI frenzy, to recap the year of the AI Bubble — and predict what will happen next. To read Ed Zitron's blog, Where's Your Ed At, click here. Click here to check out Sruthi Pinnamaneni's two part series on AI data centers. Got three minutes? Please take our end-of-year survey! Get ad-free episodes, bonus content and extended interviews by becoming a member at levernews.com/join. To leave a tip for The Lever, click here. It helps us do this kind of independent journalism. Learn more about your ad choices. Visit megaphone.fm/adchoices