Irrational Exuberance and the AI Mania: Are We Living Through a Bubble?

Welcome to Real Talk with Sam Holcman, where we connect ideas, innovation, and intelligent decision-making. Today’s reflection: irrational exuberance - a phrase coined by former Federal Reserve Chair Alan Greenspan in 1996 and revisited today through the lens of the AI revolution.

Greenspan’s words warned of a human tendency - collective overconfidence - when belief outpaces evidence. It describes markets, but really, it describes us. Fast-forward nearly three decades, and you will hear the same energy around artificial intelligence: limitless potential, intense speculation, and a sense that this is the future.