What are the 4 criteria that researchers have used to identify forming tech bubbles?

According to the article, some researchers have used 4 key criteria to understand and brace for the worst when it comes to tech bubbles.

How are major tech companies like Google, Meta, and Microsoft responding to the potential AI bubble?

The article states that these top tech firms have doubled down on their AI investments for the year 2026, despite growing concerns about an AI bubble.

Who is Brian Merchant and what is his role in this story?

Brian Merchant is a WIRED contributor and author of the newsletter "Blood in the Machine," and he sits down with the hosts to break down the 4 criteria for identifying tech bubbles.

Home / Business and Economy / Tech Giants Accelerate AI Spending as Analysts Warn of Bubble Risks

Tech Giants Accelerate AI Spending as Analysts Warn of Bubble Risks

18 Nov, 2025

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Summary

Top tech firms like Google, Meta, and Microsoft doubling down on AI investments for 2026
Analysts share 4 criteria to identify forming tech bubbles
Experts discuss strategies to prepare for a potential AI bubble

Tech Giants Accelerate AI Spending as Analysts Warn of Bubble Risks

According to the article, major tech companies like Google, Meta, and Microsoft have significantly increased their AI investments for the year 2026 amid growing concerns about an AI bubble. Experts have identified four key criteria that researchers have used in the past to understand and prepare for the worst when it comes to tech bubbles.

The article features an interview with Brian Merchant, a WIRED contributor and author of the newsletter "Blood in the Machine," who breaks down these four criteria. Hosts Michael Calore and Lauren Goode discuss how tech firms are spending heavily on AI infrastructure, including data centers, as they double down on their AI ambitions.