AI companies will fail

Following excerpts from an article by Cory Doctorow in The Guardian on January 18, 2026:

“The Al can’t do your job, but an Al salesman can convince your boss to fire you and replace you with an Al that can’t do your job.“

“Al is a bubble and it will burst. Most of the companies will fail. Most of the datacenters will be shuttered or sold for parts.“

The collapse of the Al bubble is going to be ugly. Seven Al companies currently account for more than a third of the stock market, and they endlessly pass around the same $100bn IOU. AI is the asbestos in the walls of our technological society, stuffed there with wild abandon by a finance sector and tech monopolists run amok. We will be excavating it for a generation or more.”