Fabulous news everyone: Market analyst says the AI bubble is 17X bigger than the dotcom goldrush, and 4X larger than the subprime bubble that caused the 2008 crash

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears Orion augmented reality (AR) glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. Meta Platforms Inc. debuted its first pair of augmented reality glasses, devices that show a combined view of the digital and physical worlds, a key step in Chief Executive Officer Mark Zuckerberg's goal of one day offering a hands-free alternative to the smartphone.

The AI sector isn't just a bubble, says one senior market analyst: It's the single biggest bubble the markets have ever seen, the bubble of bubbles if you will, a bubble so large it looms over the entire global economy and leaves Sir Mix-A-Lot breathless.

In unrelated news, the Associated Press has just reported that OpenAI's valuation has hit $500 billion, making a company that's never turned a profit into the most valuable startup in history.