The short version

Scott Galloway predicted on January 5, 2024: “This year the AI bubble won’t burst, but it will deflate.” Verdict: Missed it. Galloway predicted the AI bubble would deflate in 2024 without bursting; on his 2024 predictions podcast, he also said AI valuations had peaked and did not expect OpenAI's valuation to rise. The valuation and funding evidence went the other…

Prediction by

Scott Galloway

On January 5, 2024

“This year the AI bubble won’t burst, but it will deflate.”

Follow-up

Galloway predicted the AI bubble would deflate in 2024 without bursting; on his 2024 predictions podcast, he also said AI valuations had peaked and did not expect OpenAI's valuation to rise. The valuation and funding evidence went the other way: OpenAI's reported valuation rose from roughly $86 billion in early 2024 to $157 billion in October, and PitchBook reported AI/ML startup VC investment rose more than 50% in 2024 to $131.5 billion. These measures do not capture every AI segment, but they contradict the broad 2024 deflation call.

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