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from The Lever & David Sirota

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.

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