Exactly—it's going to be the same this time. That's how bubbles do.
What I'm trying to express is that when people say "AI is a bubble," the don't understand that AI will actually survive that bubble, even if many "AI companies" do not.
I don't think so. Most companies that went under in the 90's bubble are definitely not doing well today. Lycos? The stuff that survived was 99% stuff that didn't have to rely on the bubble to begin with. MS or Oracle were doing fine even with the bubble bursting because their core business was not relying on it. But if the AI bubble burst, the AI shops are gonna go bye bye.
If you read my comment, I agree with you; the AI bubble is going to burst, and AI companies will go out of business. And yet, AI will be more important than ever 10-15 years from now.
Just because the bubble is going to burst does not mean the technology will go away. That didn't happen to the internet, and it won't happen to AI.