In the short term things tend to freeze up as those with funds to invest lock down the hatches and weather the storm. But fairly quickly after yes funds start flowing elsewhere as money chases the next big thing.

AI is here to stay, but the market needs a big forest fire to wipe most things out. A few strong plants survive to build a better future.

It’s a cycle that keeps repeating, and we’re overdue for a big forest fire in tech.