I mean, research didn't end after the last six or so AI bubbles collapsed, either; this pattern goes back to the 1960s. The bubble referenced is the financial/economic bubble which currently exists around AI. I think saying it's bursting is probably _slightly_ premature, but "people refuse to pay for the Big New Thing, we must force it upon them" _is_ usually a sign that the end is nigh.
I mean, research didn't end after the last six or so AI bubbles collapsed, either; this pattern goes back to the 1960s. The bubble referenced is the financial/economic bubble which currently exists around AI. I think saying it's bursting is probably _slightly_ premature, but "people refuse to pay for the Big New Thing, we must force it upon them" _is_ usually a sign that the end is nigh.