The short version

Ben Thompson predicted on August 19, 2026: “the second LLM inflection point was the release of OpenAI’s o1 model in September 2024… I think the rise of agents means we are not in a bubble.” Verdict: Too early to tell. The prediction that the AI market is 'not in a bubble' is made from the perspective of August 2026. Evaluating…

Prediction by

Ben Thompson

On August 19, 2026

“the second LLM inflection point was the release of OpenAI’s o1 model in September 2024… I think the rise of agents means we are not in a bubble.”

Follow-up

The prediction that the AI market is 'not in a bubble' is made from the perspective of August 2026. Evaluating this verdict requires more time to observe market cycles and investment trends beyond 2026.

From the High Caliber AI network — see the AI for PR module in the course.