The Valley Bubble Breaks

The author argues that Silicon Valley's AI hype bubble is breaking following the US elections, with AI-related stocks tumbling for the first time and public sentiment turning against the technology. He contends that the Valley fundamentally misunderstands widespread public dissatisfaction with AI and has created an expensive, unappealing product without delivering tangible consumer benefits, unlike previous technological advances. The author predicts this will permanently damage Silicon Valley's global dominance and shift tech into a multi-hub world, though he acknowledges AI will eventually impact programming in more modest ways than currently hyped.