The short version

Scott Galloway predicted on January 1, 2024: “the AI bubble won’t burst, but it will deflate.” Verdict: Partially right. While AI remained a strategic priority, later 2024 commentary suggested that valuations had indeed softened or peaked, rather than experiencing a full collapse. The prediction of 'deflation' rather than a 'burst' is consistent with the market narrative where intense hype cooled…

Prediction by

Scott Galloway

On January 1, 2024

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

Follow-up

While AI remained a strategic priority, later 2024 commentary suggested that valuations had indeed softened or peaked, rather than experiencing a full collapse. The prediction of 'deflation' rather than a 'burst' is consistent with the market narrative where intense hype cooled but the underlying technology continued to develop. The OMR article (Jan 2024) confirms Galloway's belief in 'Peak AI'.

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