Panasonic has said demand for backup batteries is rising quickly, and it is largely driven by the expansion of AI infrastructure that requires stable, continuous power. It has already allocated around 80% of its planned output to existing customers, leaving only a limited share for new buyers attempting to scale systems.
Some form of “AI” will always be around. It has been around nearly as long as we’ve had computers. We’ve even had AI chatbots since 1966.
But, the dot com bubble is a bad comparison. If you look at a graph of Internet users over time you can barely even see the dot com crash. The Internet was a massively useful phenomenon and more and more people kept using it. The dot com crash was basically an overestimation of how quickly people were going to adopt it combined with a massive drop in the value of Internet-based ads.
What’s much more likely with AI is another AI Winter where a few things stick around, but mostly AI goes back on the back burner for a few more decades.