Some AI bubbles exist in some area or companies already. Mag 7 sound ok at this moment 

The AI startups of "potential unicorns" are on the brink of bankruptcy due to failure to raise enough funds, including the once-scented Builder.ai and Rodin AI.

Builder.ai, which has been backed by Microsoft (MSFT), Qatar Investment Authority (Qatar Investment Authority) and SoftBank, claims to be able to develop applications with AI, with a valuation of over $1.5 billion at one point. However, in May this year it was exposed that it had exaggerated sales by a full 300%, and its so-called "artificial intelligence" writing app was actually relying on Indian outsourcing engineers to write code manually and use human intelligence to tease artificially. As a result, the entire AI concept valuation model collapsed rapidly, and Viola Credit, in its defense, quickly froze Builder.ai funds, causing the other party to flip around and eventually go bankrupt.

As for Rodin AI, which specializes in legal services, it was recently put on the UK non-performing asset trading platform due to its inability to complete Series C financing, and is on the brink of bankruptcy. The company's annual revenue is only $10 million, but its net loss is as high as $14 million. This inverted structure of "the more we sell, the more we lose" is due to the need to hire a large number of qualified lawyers and build an outsourcing team in India to ensure the authenticity of the legal documents, which greatly increases the service costs. Moreover, with more business contracts, it becomes even more difficult to achieve the results of economies of scale, relying on high-speed income growth, exceeding the cost growth rate of costs, thereby achieving profits. So investors recognize the reality and are unwilling to support this "selling dog meat" by claiming to use AI technology, which is actually an "outsourced India" enterprise. Rodin AI has the most difficulty in raising funds to continue operating