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The AI industry is booming. Is this massive bubble about to burst?

By Maria Aspan
Published November 19, 2025 at 3:03 PM MST

Is the trillion-dollar AI investment boom completely irrational? Google head Sundar Pichai thinks so, telling the BBC that there are "elements of irrationality" — yet Wall Street continues to invest.

Copyright 2025 NPR
Maria Aspan
Maria Aspan is the financial correspondent for NPR. She reports on the world of finance broadly, and how it affects all of our lives.