The subprime mortgages bubble didn't make mortgages disappear, but it forced stricter regulation of mortgages. And lack of regulation is a major problem with current commercialized AI. In fact, so far the companies have been lobbying very hard against regulation.

Furthermore, propping up the AI bubble is also screwing up the economy. Some of us would just like to see the bandaid ripped off before more long term damage is done.

Finally, put yourself in the position of a Gen Alpha entering the job market. You can't find an entry level white cost job because companies think they can replace you with AI. Someone in that position sees no benefit from continuing to prop up the bubble. If the bubble bursts, at worst they're still in the same situation, at best the job market opens up again.

It's just a betting game. Some will win, most will lose. Sad thing is that most people who lose never opted in to participate in the game.

you’ll still have AI like you do today

A great many people today use only the proprietary, software-as-a-service providers for their LLMs, diffusion models, etc., and those services are indisputably costing far more to provide, than the revenue gained from users. They are funded to ridiculous levels by investment from funders who haven't yet figured out they will not be getting paid.

That kind of service will not survive the bursting of the current hyperscaler bubble. We will not have today's low-priced access to (and therefore we will not have shoved down our throat, in every application and device and online service, at low cost) the gargantuan resource-guzzling data centres, because the hyperscalers will not be keeping those operating when their investment funds dry up.

Bubble pop + oil shortages... It won't be pretty