AI: The Wrong Kind of Bubble. AI might change the world, but not in… | by Sameer Singh | Jan, 2026 | Breadcrumb.vc

Network effects are among the most powerful, but also the most misunderstood, forces that shape technology startups. Breadcrumb.vc is my attempt to lay a “trail of breadcrumbs” to help founders and investors. Follow publication 86 1 Listen Share More This post is bit of a history lesson, but an important one. Lately, there has been a lot of discussion about “productive” bubbles in technology — manias that focus capital and talent around a vision of the future. The argument is that bubbles create critical infrastructure that entrepreneurs leverage after the crash — the dotcom bubble is a key example. This is an oversimplified view of bubbles. All technology bubbles are not necessarily “productive”. They don’t always create infrastructure that is used after the bubble. Let’s take a look at whether this applies to the current AI bubble — and it is one, despite real utility. For those unfamiliar with Carlota Perez’s Technology Surge Cycle, it is based on a 200 year history of technology re

saved by

• Valentina Ferretti